Goldman Sachs upgrades Banco Comercial stock to EUR 1.35

Published on 10/15/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs raised its target from EUR 1.27 to EUR 1.35 on October 14, 2026. Banco Comercial stock costs EUR 1.13 on October 15, 2026.

Goldman Sachs changes its view

Goldman Sachs upgraded Banco Comercial Portugues to Buy on October 14, 2026.
First-half 2026 net income reached EUR 566.10 million, up 12.70 percent.
Banco Comercial stock traded at EUR 1.13 at 11:09 a.m. CEST at Lang & Schwarz on October 15, 2026.
The next reporting date is October 28, 2026.

Banco Comercial, PTBCP0AM0015, Illustration mit AI erstellt.

Banco Comercial stock (ISIN PTBCP0AM0015) was trading at EUR 1.13 at Lang & Schwarz on October 15, 2026 at 11:09 a.m. CEST. According to Markets Insider on October 14, 2026, Goldman Sachs upgraded Banco Comercial Portugues from Neutral to Buy and raised its price target from EUR 1.27 to EUR 1.35.

What does the upgrade mean?

The Goldman Sachs action puts the bank's recent earnings progress at the center of the investment case. The target increase was reported as reflecting expectations for earnings growth above the sector average, while the Buy rating replaced Neutral.

Banco Comercial had already posted EUR 566.10 million of net income in the first half of 2026, an increase of 12.70 percent from the first half of 2025. Jornal PT50 reported on September 21, 2026, that Morningstar DBRS raised the bank's long-term issuer rating to A from A minus. The same report said return on equity improved to 15.00 percent from 14.50 percent in the first half of 2025.

Three dated steps for Banco Comercial

The recent sequence began on September 21, 2026, when Morningstar DBRS raised the issuer rating to A. On September 30, 2026, Oddo BHF raised its target from EUR 1.20 to EUR 1.35 while maintaining an Outperform recommendation, according to Jornal Economico. The latest step came on October 14, 2026, when Goldman Sachs raised its target to EUR 1.35.

When are the next results due?

Simply Wall St lists October 28, 2026 as the next earnings date. That date gives investors a scheduled test for the profit trend highlighted by the first-half result and the new analyst view.

Stock valuation and trading level

The stock's 52-week range was EUR 0.74 to EUR 1.24 as of October 12, 2026. The current Lang & Schwarz quote therefore sits below the stated high, while the higher analyst target places attention on whether Banco Comercial can sustain the earnings improvement and control credit-related costs.

Banco Comercial stock was trading at EUR 1.13 at Lang & Schwarz on October 15, 2026 at 11:09 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Banco Comercial stock.