BofA cuts target for Leonardo stock from EUR 79.50 to EUR 71.00

Published on 10/14/2026 at 12:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The bank kept Buy as its target fell to EUR 71.00 on October 1, 2026. Leonardo stock costs EUR 47.21 on October 14, 2026 versus EUR 46.98.

Analyst target and orders

BofA cut its Leonardo target from EUR 79.50 to EUR 71.00 on October 1, 2026.
First-half 2026 orders reached EUR 16.0 billion, up 45.00 percent year over year.
Leonardo stock trades at EUR 47.21 at 12:42 p.m. CEST on October 14, 2026, 0.49 percent above the Xetra close of October 13, 2026.

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Leonardo (ISIN IT0003856405) stock was trading at EUR 47.21 at Lang & Schwarz on October 14, 2026 at 12:42 p.m. CEST, up 0.49 percent versus the Xetra close of October 13, 2026 at EUR 46.98. The latest analyst move came on October 1, 2026, when BofA cut its price target from EUR 79.50 to EUR 71.00 while retaining a Buy rating, as reported by Investing.com.

BofA flags valuation complexity

The target reduction leaves EUR 71.00 as the central analyst reference in the latest cited rating, compared with the current EUR 47.21 Lang & Schwarz price. BofA's stated rationale was an updated sum-of-the-parts valuation, while the report also highlighted limited disclosure and complex ownership structures as obstacles to recognizing asset value, according to Investing.com.

What does order growth mean?

Leonardo's first-half 2026 results provide the operating counterweight to the lower target. In the company investor release, first-half orders reached EUR 16.0 billion, up 45.00 percent year over year, while revenue rose 12.00 percent to EUR 10.0 billion and EBITA increased 34.00 percent to EUR 780.0 million, according to Leonardo. The combination points to a stronger order pipeline, but the valuation debate remains tied to execution and disclosure rather than order volume alone.

Three dated company developments

On July 30, 2026, Leonardo reported first-half orders of EUR 16.0 billion, revenue of EUR 10.0 billion and EBITA of EUR 780.0 million in its investor materials. On September 24, 2026, the company disclosed a EUR 3.7 billion contract for two DDX destroyers for the Italian Navy. On October 1, 2026, BofA cut its target from EUR 79.50 to EUR 71.00 while maintaining Buy, according to Investing.com.

Next results date is November 5

Leonardo's investor calendar lists November 5, 2026, for the board's nine-month 2026 results. The date gives the next formal checkpoint for testing whether the strong first-half order intake is translating into revenue and profit delivery, according to Leonardo.

Stock remains below its yearly high

Leonardo's market capitalization was EUR 27.3 billion on October 14, 2026, while its 52-week range was EUR 44.25 to EUR 66.26. The current EUR 47.21 price therefore sits closer to the yearly low than the yearly high, keeping the analyst target debate relevant to the upcoming results date.

The further course of trading is shown by the continuously updated real-time quote of Leonardo stock.