Equita raises target for Pirelli stock to EUR 6.70

Published on 10/05/2026 at 10:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pirelli's US plan targets 6 million tires a year by 2033. Pirelli stock traded at EUR 6.69 on October 5, 2026 versus EUR 6.60, plus 1.36 percent.

Moderne Reifenfabrik mit Robotern, Arbeitern und Mailand-Skyline im Hintergrund — Fotorealistische Reifenfabrik zeigt Pirelli & C. S.p.A. (IT0004623051) mit Robotern und Mailänder Skyline im Hintergrund, Illustration mit AI erstellt.

Pirelli (IT0005278236) was trading at EUR 6.69 at Lang & Schwarz on October 5, 2026 at 10:27 a.m. CEST, up 1.36 percent from the prior close of EUR 6.60. On September 23, 2026, Equita raised its target for Pirelli stock to EUR 6.70 and kept its Buy recommendation, as Teleborsa reported.

US capacity targets 6 million tires

Pirelli's board approved the multi-year US expansion on September 22, 2026. The plan starts in 2027 and is designed to lift annual output at the Rome, Georgia, plant to 6 million car tires by 2033, including Cyber Tyre products, while creating 1,000 jobs, according to Pirelli.

The company said the project will not change its 2026 targets. That timing matters for valuation: the industrial benefit is intended to build from 2028, while the current share price remains only EUR 0.01 below Equita's target.

First-half figures show mixed quality

Pirelli reported EUR 3.495 billion of revenue in the first half of 2026, compared with EUR 3.499 billion in the first half of 2025. Adjusted EBITDA increased to EUR 815 million from EUR 793 million, but net profit attributable to shareholders fell to EUR 273 million from EUR 347 million, according to IT Boltwise.

The contrast is clear: adjusted EBITDA rose EUR 22 million year over year, while net profit declined EUR 74 million. For investors, the expansion story therefore rests on future capacity and premium products, while near-term earnings quality still depends on converting operating gains into profit and cash.

EUR 6.69 at Lang & Schwarz

Pirelli stock was trading at EUR 6.69 at Lang & Schwarz on October 5, 2026 at 10:27 a.m. CEST, plus 1.36 percent versus the prior close of EUR 6.60. The finance quote showed a market capitalization of EUR 7.2 billion and a 52-week range of EUR 5.31 to EUR 7.17 as of October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Pirelli stock.