BofA starts coverage of Fincantieri stock with EUR 17 target

Published on 10/09/2026 at 14:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA forecasts earnings per share growth of 34.00 percent through 2030. Fincantieri stock costs EUR 12.30 on October 9, 2026 after EUR 11.74.

Key points in brief

Bank of America began Fincantieri coverage on October 1, 2026, with a Buy rating and EUR 17.00 target.
Fincantieri reported EUR 4.58 billion in first-half 2026 revenue and EUR 102.00 million in net profit.
The stock was trading at EUR 12.30 at Lang & Schwarz on October 9, 2026, plus 4.77 percent versus EUR 11.74.
Fincantieri's next interim-results approval is scheduled for November 12, 2026.

Fincantieri, IT0005599938, Illustration mit AI erstellt.

Fincantieri (ISIN IT0005599938) was trading at EUR 12.30 at Lang & Schwarz on October 9, 2026 at 2:19 p.m. CEST, up 4.77 percent versus the EUR 11.74 prior close. The latest analyst event came on October 1, 2026, when Bank of America began coverage with a Buy rating and a EUR 17.00 price target, according to Teleborsa.

What changed in coverage?

Bank of America said the market was not fully pricing the growth potential of Fincantieri's underwater business. Its forecast calls for earnings per share to grow at a compound annual rate of 34.00 percent from 2026 through 2030, versus 23.00 percent for the defense companies it covers, as Yahoo Finance reported on October 1, 2026.

Three dated events shape the order book

On July 29, 2026, Fincantieri presented first-half 2026 results with revenue of EUR 4.58 billion and net profit of EUR 102.00 million, figures reported by Defense and Tech and dated through the company's results calendar in Zonebourse. On September 24, 2026, Fincantieri's joint venture Orizzonte Sistemi Navali signed a EUR 3.70 billion contract for two DDX destroyers, according to the company's Fincantieri investor-relations page. On October 1, 2026, BofA set its EUR 17.00 target, creating a concrete valuation reference for the stock.

What does the order book mean?

The DDX contract gives Fincantieri an estimated EUR 1.80 billion share of the work, while the company's total backlog reached EUR 73.90 billion at June 30, 2026, according to Defense and Tech. That visibility matters because first-half revenue was flat year over year while net profit increased from EUR 35.00 million to EUR 102.00 million, making execution and conversion of orders the key operating test.

Dates for the next report

Fincantieri's next explicitly scheduled reporting event is the Board meeting on November 12, 2026, for approval of interim financial information at September 30, 2026, according to the company's Fincantieri investor-relations page.

Stock trades above its prior close

At Lang & Schwarz, Fincantieri was trading at EUR 12.30 on October 9, 2026 at 2:19 p.m. CEST, plus 4.77 percent against the EUR 11.74 prior close. The company is listed as FCT.MI on Borsa Italiana, with the listing and ISIN confirmed by Global Banking and Finance.
The further course of trading is shown by the continuously updated real-time quote of Fincantieri stock.