Barclays keeps EUR 40.00 target for Neste stock

Published on 10/06/2026 at 16:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Neste reported EUR 5.99 billion revenue in Q2 2026, up from EUR 4.51 billion. For Neste stock, net income reached EUR 765.00 million.

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Neste (ISIN FI0009013296) has a EUR 40.00 price target and Buy rating maintained by Barclays on October 5, 2026, according to Investing.com. The latest analyst view keeps attention on whether renewable fuel demand can support the company after a powerful improvement in its second-quarter results.

Q2 revenue rose 32.82 percent

For the quarter ended June 30, 2026, Neste generated EUR 5.99 billion in revenue and EUR 765.00 million in net income, according to Markets Insider. Revenue was EUR 4.51 billion in the same period a year earlier, so the increase was 32.82 percent, while the prior-year comparison was a GAAP net loss of EUR 36.00 million.

Neste's investor page describes the second quarter of 2026 as an all-time high quarterly result and dates the related analyst and investor conference call to July 24, 2026. The company identifies renewable fuels as its strategic growth area alongside oil products from its Porvoo refinery in Finland, according to Neste.

Renewable fuel demand supports targets

Berenberg raised its Neste target from EUR 36.00 to EUR 40.00 on September 16, 2026 and kept a Buy rating, according to Investing.com. The firm said renewable fuels were moving from a cyclical trough toward a structural supply deficit and raised its 2027 earnings estimates by 44 percent.

The contrast is important for investors: the second-quarter revenue comparison was strong, but the earnings picture still depends on refining conditions and renewable product premiums. Neste's quarterly comparable EBITDA reached EUR 1.20 billion, a record cited in the same September 16, 2026 report by Investing.com.

October 29 is the next test

Neste trades on Nasdaq Helsinki under the ticker NESTE, and its next earnings report is scheduled for October 29, 2026, according to Investing.com. As of October 6, 2026, the company had a market capitalization of EUR 24.8 billion and a 52-week range of EUR 15.96 to EUR 35.94. Those market figures frame the next results as a test of whether the exceptional second-quarter profitability can persist.