Goldman raises target for Iberdrola stock to EUR 25.00

Published on 10/05/2026 at 09:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola completes a Brazil grid deal with GIC spanning 16 assets. Iberdrola stock is EUR 20.90 on October 5, 2026 versus EUR 20.94, minus 0.19 percent.

Schwarzweißes Dokumentarfoto eines Umspannwerks mit Hochspannungsleitungen — Schwarzweiß-Reportagefoto dokumentiert Umspannwerk der Iberdrola S.A. (ISIN ES0144580Y14) mit Hochspannungsmasten im Gegenlicht, Illustration mit AI erstellt.

Goldman Sachs upgraded Iberdrola (ISIN ES0144580Y14) to Buy from Neutral on October 1, 2026 and raised its price target from EUR 21.00 to EUR 25.00, according to Yahoo Finance. The target lies 19.62 percent above the EUR 20.90 Lang & Schwarz price on October 5, 2026.

Goldman lifts target to EUR 25.00

The upgrade gives Iberdrola a fresh analyst catalyst after Goldman Sachs linked its view to stronger earnings growth, dividends and grid investment. The bank expects double-digit earnings growth through 2031 and lifted its capital spending forecast for 2026 through 2031 to EUR 100.0 billion from EUR 85.0 billion, according to the October 1, 2026 report.

Deutsche Bank Research also upgraded Iberdrola to Buy from Hold on September 29, 2026 and raised its target from EUR 18.50 to EUR 22.00, as reported by FinanzNachrichten. Two upgrades within three trading days put the EUR 20.90 quote below both published targets.

Brazil grid deal adds 6,710 kilometers

Iberdrola completed the expansion of its alliance with GIC in Brazil on October 1, 2026. The transaction adds seven Neoenergia transmission assets, raises Neoenergia's stake from 50 percent to 51 percent and leaves GIC with 49 percent, according to Iberdrola.

The expanded platform now comprises 16 assets and 6,710 kilometers of transmission lines, with an asset value of BRL 25.5 billion and estimated annual regulated revenue of BRL 1.9 billion. The deal strengthens the networks strategy that underpins the analyst upgrades.

First half investment supports earnings

In the first half of 2026, Iberdrola reported net profit of EUR 4.34 billion, up 22 percent year over year. Adjusted EBITDA reached EUR 8.05 billion, up 7 percent, while total investment rose 25 percent to EUR 7.00 billion, according to the company's first-half results release.

Networks absorbed 63 percent of first-half investment, and the regulated asset base reached EUR 55.00 billion. Iberdrola's investor calendar sets the presentation of its nine-month 2026 results for October 21, 2026, giving the new analyst targets an immediate reporting checkpoint.

Stock trades below analyst targets

Iberdrola was trading at EUR 20.90 at Lang & Schwarz on October 5, 2026 at 9:05 a.m. CEST, minus 0.19 percent versus the prior close of EUR 20.94 on October 2, 2026. The 52-week range was EUR 16.11 to EUR 22.08 as of October 2, 2026, while market capitalization stood at EUR 138.9 billion. The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.