Iberdrola stock gets a higher Goldman target as grids drive growth

Published on 10/03/2026 at 22:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock now carries a Goldman target of EUR 25, up from EUR 21 on October 1, 2026. First-half net profit reached EUR 4.33 billion, while networks took 63 percent of investment.

Aquarell eines Solarparks vor sanftem Bergpanorama in Pastellfarben, EDP Renováveis — EDP Renováveis ES0144580Y14 im Aquarell: Solarpark mit sanften Pastellfarben vor stimmungsvollem Bergpanorama, Illustration mit AI erstellt.

Iberdrola (ISIN ES0144580Y14) was last at EUR 20.82 on BME Madrid on October 2, 2026 at 5:37 p.m. CEST, up EUR 0.09 or 0.43 percent from the prior session. The fresh catalyst is Goldman Sachs raising its target to EUR 25 from EUR 21 on October 1, 2026, while pointing to earnings growth and grid investment.

Goldman lifts the target

According to Yahoo Finance, Goldman Sachs upgraded Iberdrola to Buy from Neutral and raised its price target by EUR 4. The new target is 19.0 percent above the previous target of EUR 21, giving the recommendation a stronger valuation backdrop than the unchanged market price alone.

Goldman also lifted its capital spending estimate for 2026 through 2031 to EUR 100 billion from EUR 85 billion. The planned investment is concentrated on regulated power networks and wind-farm repowering, with the grid exposure providing the central link between Iberdrola's strategy and the broker's earnings thesis.

First-half figures support the case

On its investor-relations page, Iberdrola reports EUR 4.33 billion in reported net profit and EUR 8.05 billion in adjusted EBITDA for the first half of 2026. It invested EUR 7 billion during the period, and 63 percent of that amount went to networks.

The operating mix adds detail to the investment story: Iberdrola generated 61,318 GWh from renewable sources in the first half of 2026. The company also lists its nine-month 2026 results presentation for October 21, 2026, a date that gives the market its next quantified checkpoint.

Stock remains below yearly high

At EUR 20.82, Iberdrola was 5.7 percent below its 52-week high of EUR 22.08 and above its 52-week low of EUR 16.11 on October 2, 2026. The session volume was 9,051,568 shares, while market capitalization stood at EUR 138.9 billion.

Bernstein held a Neutral rating with a EUR 20 target on September 23, 2026, according to MarketScreener. That target sits below Goldman's EUR 25 view, leaving the next results and the company's network spending execution as the key points of comparison.

October results set the next checkpoint

Iberdrola's next scheduled results presentation is October 21, 2026. The stock's current valuation therefore combines a EUR 25 Goldman target, EUR 4.33 billion in first-half reported profit and a network-heavy EUR 7 billion investment program.