Bernstein raised target for Saipem stock to EUR 5.44

Published on 10/14/2026 at 17:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein set a EUR 5.44 target after EUR 4.96 on October 9, 2026. Saipem stock reports third-quarter results on November 18, 2026.

Targets, contracts and reporting dates

Bernstein set a EUR 5.44 target after EUR 4.96 on October 9, 2026.
Saipem received a USD 350.00 million Angola contract announcement on September 14, 2026.
The company will review third-quarter results and 2027 guidance on November 18, 2026.

Saipem, IT0000068525, Illustration mit AI erstellt.

Bernstein raised its target for Saipem stock from EUR 4.96 to EUR 5.44 on October 9, 2026, while keeping its Outperform recommendation, according to Corriere. The higher target puts the analyst view 9.70 percent above the previous target, based on the change from EUR 4.96.

Three dated company milestones

On September 14, 2026, Saipem announced a new offshore contract in Angola worth USD 350.00 million, covering subsea infrastructure and a project duration of 2.50 years, according to MarketScreener. On September 15, 2026, the company completed the sale of its Saudi shallow-water drilling business for USD 285.00 million, the same outlet reported.

On September 23, 2026, Saipem moved its board review of results for the period ending September 30, 2026, from October 27 to November 18. The change also brings discussion of the 2027 budget and guidance into the same meeting, according to Saipem.

What follows for reporting?

The November meeting will combine third-quarter results with the first 2027 guidance discussion, giving investors two related operating signals in one announcement. Bank of America expects Saipem to confirm its full-year 2026 guidance and estimates third-quarter EBITDA 5.00 percent above consensus, according to Teleborsa. The same assessment places Bank of America's 2027 EBITDA estimate 10.00 percent above consensus, while describing the initial 2027 guidance as cautious.

Upcoming reporting dates

Saipem's board is scheduled to approve the consolidated results for the period ending September 30, 2026, on November 18, 2026, followed by a conference call on November 19, 2026, according to Saipem. The dates matter because the company plans to present both the third-quarter figures and 2027 guidance within the same reporting cycle.

Operating footprint remains broad

Saipem operates across offshore and onshore engineering and construction, drilling, energy carriers, offshore wind and sustainable infrastructure. Its September 23 company release lists 5 fabrication yards, 17 owned construction vessels and 7 drilling rigs, including 6 owned rigs, providing the operating base behind its project pipeline.