Goldman raises target for Iberdrola stock to EUR 25

Published on 10/01/2026 at 13:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock costs EUR 20.76 on October 1, 2026 after EUR 20.55, plus 1.02 percent. Net profit reached EUR 4.33 billion in the first half of 2026.

Fotorealistischer Windpark in iberischer Hügellandschaft bei goldener Abendsonne, EDP Renováveis — EDP Renováveis ES0144580Y14 betreibt riesige Windparks in iberischer Hügellandschaft bei goldener Abendsonne, Illustration mit AI erstellt.

Iberdrola (ISIN ES0144580Y14) was trading at EUR 20.76 at Lang & Schwarz on October 1, 2026 at 1:05 p.m. CEST, up 1.02 percent from the EUR 20.55 prior close. On the same date, Goldman Sachs raised its Iberdrola price target from EUR 21.00 to EUR 25.00 and upgraded the stock from Neutral to Buy, according to Yahoo Finance.

Goldman sees 20.42 percent upside

The new target stands 20.42 percent above the Lang & Schwarz price. Goldman linked the upgrade to stronger earnings growth, dividends and a larger investment outlook for Iberdrola's regulated networks and renewable assets.

The valuation case also carries a clear risk trade-off. Goldman flagged weaker power prices, regulatory changes in Spain and Britain, and lower allowed returns on regulated networks as potential pressures on future earnings.

First-half profit reaches EUR 4.33 billion

Iberdrola reported net profit of EUR 4.33 billion in the first half of 2026, adjusted EBITDA of EUR 8.05 billion and total investment of EUR 7.00 billion, according to the company's investor-relations information dated October 1, 2026. Networks received 63 percent of investment during the period, linking the current analyst upgrade to the business area Iberdrola is prioritizing.

The company also reported 61,318 GWh of renewable generation in the first half of 2026. Its investor-relations page states that Iberdrola expects net profit of EUR 7.60 billion in 2028 under its 2025-2028 strategic plan, with EUR 20.00 billion allocated to dividends between 2024 and 2028.

October results provide the next test

Iberdrola is scheduled to present results for the first nine months of 2026 on October 21, 2026, according to Iberdrola. That report will give investors a fresh measure of whether the stronger earnings profile cited by Goldman is translating into the company's reported figures.

The reference price remains EUR 20.76 at Lang & Schwarz on October 1, 2026 at 1:05 p.m. CEST, versus the EUR 20.55 prior close dated September 30, 2026. The price is 5.98 percent below the 52-week high of EUR 22.08 and the market capitalization is EUR 138.5 billion as of October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.