Goldman Sachs raised Iberdrola stock target to EUR 25
Published on 10/13/2026 at 09:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Goldman Sachs raised Iberdrola's price target from EUR 21.00 to EUR 25.00 and upgraded the stock to Buy on October 1, 2026.
- Iberdrola reported EUR 4.33 billion in first-half 2026 net profit and EUR 8.05 billion in adjusted EBITDA.
- The stock was at EUR 21.88 at Lang & Schwarz on October 13, 2026, 1.53 percent above the EUR 21.55 Xetra close of October 12, 2026.
- Iberdrola will present its nine-month 2026 results on October 21, 2026.
Goldman Sachs raised its Iberdrola price target from EUR 21.00 to EUR 25.00 and upgraded the utility to Buy from Neutral on October 1, 2026, according to Yahoo Finance. At EUR 21.88, the new target lies 14.08 percent above the price. Iberdrola stock was trading at EUR 21.88 at Lang & Schwarz on October 13, 2026, 1.53 percent above the Xetra close of October 12, 2026 at EUR 21.55.
Three milestones shape the story
On September 28, 2026, Iberdrola agreed to acquire the Spanish electricity retail business of Contigo Energia, adding a portfolio of more than 100,000 customers, according to Iberdrola.
Goldman Sachs followed on October 1, 2026, with the EUR 25.00 target and Buy rating. On October 9, 2026, Iberdrola reported distributed electricity of 206,947 GWh for the first nine months of 2026, up 5.80 percent year over year, according to Iberdrola.
What does grid spending mean
The Goldman Sachs view links the upgrade to higher earnings growth and a larger investment program centered on power networks. Its report forecasts Iberdrola net profit of EUR 10.20 billion in 2030 and identifies regulatory changes, weaker power prices and lower allowed network returns as risks, according to Yahoo Finance.
The operating base gives the valuation debate a measurable anchor. Iberdrola reported EUR 4.33 billion in net profit and EUR 8.05 billion in adjusted EBITDA for the first half of 2026, while total investment reached EUR 7.00 billion, with 63.00 percent allocated to networks, according to Iberdrola. The adjusted EBITDA figure is 1.86 times the reported net profit, but the two measures describe different parts of the earnings profile.
Next dates carry the next test
Iberdrola is scheduled to present its nine-month 2026 financial results on October 21, 2026, before the Madrid market opens, with an investor presentation at 9:30 a.m. Madrid time, according to Iberdrola. Goldman Sachs also expects an extended investment plan to be presented at a capital markets day in April 2027, according to Yahoo Finance.
Stock price and valuation
The current quotation puts the stock EUR 0.33 above the October 12, 2026 Xetra close, a gain of 1.53 percent on the defined reference base. The 52-week range of EUR 16.55 to EUR 22.08 leaves the market price EUR 0.20 below the high, or 0.91 percent by calculation.
The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.
Iberdrola stock facts
- Company: Iberdrola, S.A.
- ISIN: ES0144580Y14
- Ticker: IBE.MC
- Primary exchange: BME
- Price Lang & Schwarz as of October 13, 2026, 9:09 a.m. CEST: EUR 21.88
- Change versus Xetra close: plus 1.53 percent
- Reference close October 12, 2026: EUR 21.55
- Market capitalization: EUR 144.7 billion as of October 12, 2026
- 52-week range: EUR 16.55-EUR 22.08 as of October 12, 2026
- Sector / Industry: Utilities / Electric Utilities
- Index membership: IBEX 35 and Euro Stoxx 50
- Next earnings date: October 21, 2026
Market context: Market report IBEX 35.
