Cellnex stock: Barclays sets EUR 38.00 target for Cellnex stock

Published on 10/16/2026 at 17:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cellnex reports third-quarter results on November 5, 2026. Cellnex stock costs EUR 25.36 on October 16, 2026 at 5:00 p.m. CEST, 0.08 percent above the Xetra close.

Analyst target and reporting date

Barclays analyst Maurice Patrick set a EUR 38.00 target on October 15, 2026.
Cellnex is scheduled to publish third-quarter results on November 5, 2026.
Cellnex stock costs EUR 25.36 at Lang & Schwarz on October 16, 2026 at 5:00 p.m. CEST, 0.08 percent above the Xetra close of October 15, 2026.
Cellnex has a market capitalization of EUR 16.7 billion as of October 16, 2026.

Flatlay mit Zertifikat, ISIN-Karte, Glasfaserkabel und Netzwerkgeräten — Flatlay mit Aktienzertifikat, ISIN-Karte und Netzwerktechnik symbolisiert Cellnex Telecom S.A., ISIN ES0105066007, Illustration mit AI erstellt.

Barclays analyst Maurice Patrick maintained a Buy rating on Cellnex and set a EUR 38.00 price target on October 15, 2026, according to Markets Insider. The target is 49.84 percent above the EUR 25.36 Cellnex price. Cellnex was trading at EUR 25.36 at Lang & Schwarz on October 16, 2026 at 5:00 p.m. CEST, 0.08 percent above the Xetra close of October 15, 2026 at EUR 25.34.

Cash flow sets the operating backdrop

Cellnex's first-half 2026 results provide the latest reported operating picture. The company's investor-relations page lists consolidated revenue of EUR 1.99 billion, organic revenue growth of 5.00 percent, adjusted EBITDA growth of 6.40 percent and free cash flow of EUR 301.00 million, compared with EUR 19.00 million in the first half of 2025, in information dated July 30, 2026, from Cellnex. The cash-flow comparison is the clearest counterweight to the stock's valuation debate.

Stock position and trading range

Cellnex's October 15, 2026 quote showed a day range of EUR 24.75 to EUR 25.56 and volume of 1.41 million shares. The same market snapshot put the 52-week range at EUR 21.84 to EUR 32.71, leaving the October 16 price 22.47 percent below the high and 16.12 percent above the low. Year to date, the stock was down 7.62 percent as of October 15, 2026.

Valuation and upcoming date

Cellnex had a market capitalization of EUR 16.7 billion, a trailing P/E ratio of minus 49.41 and a dividend yield of 0.03 percent as of October 16, 2026. The next scheduled reporting date is November 5, 2026, according to Capital.com.

Comparison with peers

Cellnex (BME Madrid, EUR): plus 0.08 percent, P/E minus 49.41, market capitalization EUR 16.7 billion

Vodafone (London Stock Exchange, GBp): plus 1.16 percent, P/E minus 72.86, market capitalization GBP 28.2 billion

American Tower (NYSE, USD): plus 1.38 percent, P/E 25.30, market capitalization USD 85.7 billion

What the target means for the stock

Barclays' EUR 38.00 target sits well above the current euro price, while the next results date gives investors a defined near-term checkpoint. The first-half figures put cash generation and adjusted operating growth ahead of short-term price noise.

The stock was trading at EUR 25.36 at Lang & Schwarz on October 16, 2026 at 5:00 p.m. CEST, 0.08 percent above the Xetra close of October 15, 2026 at EUR 25.34. The further course of trading is shown by the continuously updated real-time quote of Cellnex stock.