Bank of America starts coverage of Fincantieri stock with EUR 17 target

Published on 10/13/2026 at 09:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit EUR 4.58 billion in the first half of 2026, flat year over year. Fincantieri stock costs EUR 12.56 on October 13, 2026 versus EUR 12.57 Xetra close.

Bank of America began Fincantieri coverage on October 1, 2026 with a EUR 17.00 target.
First-half 2026 revenue reached EUR 4.58 billion, while net profit reached EUR 102.00 million.
Fincantieri stock was EUR 12.56 at Lang & Schwarz, minus 0.08 percent versus the October 12 Xetra close.

Fincantieri, IT0005599938, Illustration mit AI erstellt.

Fincantieri stock (ISIN IT0005599938) was trading at EUR 12.56 at Lang & Schwarz on October 13, 2026 at 9:20 a.m. CEST, minus 0.08 percent versus the Xetra close of October 12, 2026 at EUR 12.57. Bank of America started coverage on October 1, 2026 with a Buy rating and a EUR 17.00 target, as Teleborsa reported. The target stands 35.35 percent above the Lang & Schwarz price, putting the analyst view against a stock still 51.73 percent below its EUR 26.02 52-week high.

Three milestones set the frame

On July 29, 2026, Fincantieri management described the underwater acquisitions as a route toward pro forma revenue of EUR 1.10 billion in 2026 and EUR 1.80 billion in 2030, according to the Yahoo Finance transcript.

On September 24, 2026, Orizzonte Sistemi Navali signed a EUR 3.70 billion contract for two DDX destroyers for the Italian Navy, according to Fincantieri. On October 1, 2026, Bank of America started coverage with a EUR 17.00 target and a Buy rating, as Teleborsa reported.

What does the target imply?

The EUR 17.00 target is 35.35 percent above the EUR 12.56 Lang & Schwarz price, using the same euro currency and the October 13, 2026 quote. Teleborsa said Bank of America projected 34.00 percent compound annual growth in earnings per share from 2026 through 2030, versus 23.00 percent for the covered defense companies.

The same report identified execution and valuation risks: the market must still absorb new underwater acquisitions, while naval orders have to convert into revenue. That distinction matters because the first half of 2026 produced EUR 4.58 billion of revenue but was broadly in line with the first half of 2025.

Half-year profit changes the picture

Fincantieri's first-half 2026 results showed net profit of EUR 102.00 million and an EBITDA margin of 7.60 percent, according to the Yahoo Finance transcript. Order intake reached EUR 6.10 billion, with a 1.30 times book-to-bill ratio, while management confirmed 2026 revenue guidance of EUR 9.30 billion to EUR 9.40 billion and net profit guidance of EUR 140.00 million to EUR 180.00 million.

Those figures make the target debate depend on delivery rather than on one quarter alone. Fincantieri has scheduled its next interim financial information for November 12, 2026, according to its investor-relations calendar.

Stock remains below its yearly high

At Lang & Schwarz, Fincantieri stock was trading at EUR 12.56 on October 13, 2026 at 9:20 a.m. CEST, minus 0.08 percent versus the Xetra close of October 12, 2026 at EUR 12.57. The 52-week range was EUR 9.62 to EUR 26.02 and market capitalization was EUR 4.50 billion, both as of October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of Fincantieri stock.