Goldman Sachs sets EUR 8.90 target for Terna stock in October

Published on 10/19/2026 at 09:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Terna stock trades at EUR 9.33 on October 19, 2026. First-half 2026 revenue rose 12.00 percent to EUR 2.1 billion, with guidance at EUR 4.41 billion.

Analyst view and operating figures

Goldman Sachs set an EUR 8.90 target for Terna on October 12, 2026.
First-half 2026 revenue rose 12.00 percent to EUR 2.1 billion.
Terna stock trades at EUR 9.33 at 9:50 a.m. CEST at Lang & Schwarz on October 19, 2026.

Isometrisch 3D Stromnetz-Kette Terna - Rete Elettrica Nazionale IT0003242622 — Terna - Rete Elettrica Nazionale IT0003242622 isometrische Darstellung zeigt Stromnetz-Wertschöpfungskette von Kraftwerk bis Stadt, Illustration mit AI erstellt.

Terna (ISIN IT0003242622) was trading at EUR 9.33 at Lang & Schwarz on October 19, 2026, while Goldman Sachs maintained a Sell rating and set an EUR 8.90 target on October 12, 2026, according to Markets Insider. The target places the latest euro quote above the analyst level, but the gap is modest.

Goldman Sachs sets a cautious marker

Goldman Sachs analyst Mafalda Pombeiro maintained the Sell rating and set the EUR 8.90 target on October 12, 2026. The same Markets Insider report cited an average analyst target of EUR 9.55.

That average is 2.36 percent above the Lang & Schwarz price, using EUR 9.55 and EUR 9.33 as the two inputs. The Goldman Sachs target is 4.83 percent below the price, so the latest research does not point to a uniform valuation view.

What does the target imply?

Terna reported first-half 2026 revenue of EUR 2.1 billion, up 12.00 percent year over year, while its 2026 guidance called for revenue of EUR 4.41 billion, EBITDA of EUR 2.93 billion and net income of EUR 1.12 billion, according to Investing.com. The operating comparison is constructive, yet the target debate keeps balance-sheet funding and regulated returns central to the valuation.

Three Terna milestones in sequence

Terna reported first-quarter 2026 revenue of EUR 988.70 million on May 11, 2026, first-half revenue of EUR 2.1 billion on July 30, 2026, and the Goldman Sachs EUR 8.90 target on October 12, 2026, with the results chronology carried by Simply Wall St and the analyst update by Markets Insider.

Upcoming reporting date

Simply Wall St lists November 12, 2026 as Terna's next earnings date, giving investors a concrete checkpoint for the revenue and profit guidance.

Stock price and valuation

The latest euro quote keeps Terna close to the EUR 9.55 average analyst target, but below that level by 2.24 percent when measured against the target. The competing EUR 8.90 view shows why the next results matter for judging whether revenue growth is translating into earnings and cash generation.

Terna stock was trading at EUR 9.33 at 9:50 a.m. CEST at Lang & Schwarz on October 19, 2026. The further course of trading is shown by the continuously updated real-time quote of Terna stock.