Goldman kept Neutral view as Nexi stock costs EUR 4.36

Published on 10/14/2026 at 12:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half excess cash reached EUR 400 million against EUR 750 million guidance. Nexi stock costs EUR 4.36 on October 14, 2026 versus EUR 4.00.

Cash generation and analyst caution

First-half excess cash reached EUR 400 million on July 29, 2026.
Nexi reaffirmed its EUR 750 million excess cash target for 2026.
Nexi stock trades at EUR 4.36 at 12:19 p.m. CEST at Lang & Schwarz on October 14, 2026.

Geometrisches Bauhaus-Poster mit dem Wort FINTECH in kräftigen Farben — Bauhaus-Poster mit Sektor-Schriftzug FINTECH repräsentiert die Branche von Nexi S.p.A., Aktie ISIN IT0005366767, Illustration mit AI erstellt.

Nexi (ISIN IT0005366767) was trading at EUR 4.36 at Lang & Schwarz on October 14, 2026, while Goldman Sachs had maintained a Neutral rating and a EUR 4.00 price target in its October 1, 2026 report. The key operating measure remains cash generation, with first-half excess cash of EUR 400 million against a full-year target of EUR 750 million.

Analyst target stays below price

According to Finvaulta on October 1, 2026, Goldman Sachs reiterated its Neutral rating and EUR 4.00 12-month target for Nexi. The same research summary put third-quarter 2026 revenue growth at 1.10 percent, below the 1.80 percent Visible Alpha consensus cited in the report.

The target implies a more cautious valuation view than the live euro quotation. That contrast matters because the research also identified contract renegotiations and Cards and Digital Payments headwinds as near-term constraints.

What does cash generation show?

In the first-half 2026 earnings call, Yahoo Finance reported that Nexi generated EUR 400 million of excess cash, while year-to-date revenue increased 1.00 percent and EBITDA reached EUR 870 million. EBITDA margin stood at 50.10 percent in the first half of 2026, compared with 50.60 percent in 2025.

The figures show a narrow but important split: revenue growth remained positive, while the margin was lower by 0.50 percentage points. Management also reaffirmed the EUR 750 million excess cash target for 2026, keeping cash conversion at the center of the investment case.

Three dated Nexi milestones

On May 2026, Nexi paid EUR 350 million in dividends, according to Yahoo Finance. On July 29, 2026, the first-half results showed EUR 400 million of excess cash and EUR 870 million of EBITDA, also covered by Yahoo Finance.

On October 1, 2026, Goldman Sachs kept its EUR 4.00 target and Neutral rating, according to Finvaulta.

Next reporting date

Nexi's investor-relations page lists November 5, 2026 for its 9M26 results presentation and conference call, giving the next scheduled checkpoint for revenue, margin and cash-flow trends.

Price and valuation context

Nexi was trading at EUR 4.36 at Lang & Schwarz on October 14, 2026 at 12:19 p.m. CEST. The quote was accompanied by a market capitalization of EUR 5.1 billion and a 52-week range of EUR 2.64 to EUR 4.80.

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