Goldman Sachs upgrades Iberdrola stock to Buy

Published on 10/06/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman raised its target from EUR 21.00 to EUR 25.00 on October 1, 2026. Iberdrola stock costs EUR 21.13 versus EUR 21.02, plus 0.52 percent.

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Iberdrola (ISIN ES0144580Y14) was trading at EUR 21.13 at Lang & Schwarz on October 6, 2026 at 1:22 p.m. CEST, up 0.52 percent versus the prior close of EUR 21.02. Goldman Sachs upgraded Iberdrola from Neutral to Buy and raised its price target from EUR 21.00 to EUR 25.00 on October 1, 2026, according to Yahoo Finance.

Goldman raises the valuation bar

The new target is EUR 4.00 above the previous EUR 21.00 target, while the Buy rating replaces Neutral. Goldman linked the upgrade to Iberdrola's earnings growth, grid investment outlook and dividend potential, making the target change the clearest current analyst signal for the stock.

The EUR 25.00 target is 18.31 percent above the Lang & Schwarz price of EUR 21.13, calculated against the same euro reference price. Goldman also flagged weaker power prices, regulatory changes in Spain and Britain, and lower allowed returns on regulated networks as risks, according to Yahoo Finance.

First-half figures support the case

Iberdrola reported net profit of EUR 4.33 billion and adjusted EBITDA of EUR 8.05 billion in the first half of 2026. The company also reported EUR 7.00 billion of investment in the period, with 63 percent allocated to networks, according to its Iberdrola investor information.

That mix matters because network investment gives the business a regulated growth anchor while increasing the capital demands behind the strategy. Iberdrola's investor page says its network assets totaled EUR 55.00 billion and renewable generation reached 61,318 GWh in the first half of 2026, adding operating scale to the analyst case.

Results date and stock context

Iberdrola is listed on BME under ticker IBE and belongs to Spain's IBEX 35, according to Investing.com. The finance data snapshot puts its market capitalization at EUR 140.7 billion on October 6, 2026, with a 52-week range of EUR 16.18 to EUR 22.08.

Iberdrola's investor calendar schedules the nine-month 2026 results presentation for October 21, 2026. The date gives the market a concrete checkpoint for testing whether the first-half profit and investment trends can support the higher analyst valuation.

EUR 21.13 remains below the yearly high

At Lang & Schwarz, Iberdrola was trading at EUR 21.13 on October 6, 2026 at 1:22 p.m. CEST, plus 0.52 percent against the prior close of EUR 21.02. The price remained EUR 0.95 below the 52-week high of EUR 22.08, a gap of 4.30 percent. The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.