Goldman Sachs keeps EUR 8.90 target for Terna stock

Published on 10/16/2026 at 15:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Terna's next earnings are scheduled for November 12, 2026. Terna stock costs EUR 9.35 on October 16, 2026, minus 0.23 percent versus the Milan close.

Analyst target and reporting date

Goldman Sachs maintained its EUR 8.90 target for Terna on October 13, 2026.
Terna's next earnings date is November 12, 2026.
Terna stock costs EUR 9.35 at Lang & Schwarz on October 16, 2026 at 3:34 p.m. CEST, minus 0.23 percent versus the Milan prior close of October 15, 2026.
Terna trades at a P/E ratio of 17.70 and has a market capitalization of EUR 18.8 billion.

Makro Hochspannungskabel Tautropfen Terna - Rete Elettrica Nazionale IT0003242622 — Terna - Rete Elettrica Nazionale IT0003242622 Makro-Fotografie zeigt geflochtenes Hochspannungskabel mit Tautropfen und Keramik-Isolator, Illustration mit AI erstellt.

Goldman Sachs maintained an EUR 8.90 price target for Terna on October 13, 2026, which is 5.04 percent below the Milan share price of EUR 9.37, according to Investing.com. Terna stock was trading at EUR 9.35 at Lang & Schwarz on October 16, 2026 at 3:34 p.m. CEST, minus 0.23 percent versus the Milan prior close of October 15, 2026.

Revenue growth sets the earnings backdrop

Terna reported EUR 2.1 billion in revenue for the first half of 2026, up 12.00 percent from the year-earlier period. Net income reached EUR 591.2 million in the second quarter of 2026, while operating profit stood at EUR 961.4 million for that quarter, according to Investing.com.

52-week range leaves room for movement

The Milan-listed stock's 52-week range is EUR 8.70 to EUR 10.41. At EUR 9.35, the price stands 10.18 percent above the low and 10.18 percent below the high, using the range published for October 16, 2026. Trading volume was 5.31 million shares against a three-month average of 3.76 million shares.

Valuation and November 12 results

Terna's market capitalization was EUR 18.8 billion on October 16, 2026, with a P/E ratio of 17.70 and a dividend yield of 4.30 percent. Investing.com lists November 12, 2026 as the next earnings date. The Goldman Sachs target of EUR 8.90 therefore sits below the current Milan price, while the average analyst target on the same page is EUR 9.85.

Comparison with peers

Terna: minus 0.23 percent, P/E 17.70, market capitalization EUR 18.8 billion
Enel (Milan, EUR): plus 0.95 percent, P/E 22.97, market capitalization EUR 91.1 billion
A2A (Milan, EUR): plus 0.68 percent, P/E 10.94, market capitalization EUR 7.4 billion

Terna stock stays inside its range

The intraday indication places Terna between its Milan valuation and the wider 52-week band, with the next results date providing the clearest scheduled checkpoint for investors. The Goldman Sachs target gives the market a dated downside reference, while the average target of EUR 9.85 remains above the Milan price.

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