Iberdrola stock holds at EUR 21 before October results

Published on 10/06/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock faces a EUR 25 Goldman Sachs target after the October 1 upgrade. First-half net profit reached EUR 4.33 billion, with results due October 21.

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Iberdrola stock was trading at EUR 21.00 on BME at 4:36 p.m. CEST on October 6, 2026, placing the share 4.9 percent below its 52-week high of EUR 22.08. The next company checkpoint is scheduled for October 21, when Iberdrola will present its nine-month 2026 results, according to Iberdrola.

Grid expansion sets the tone

The upcoming report will be measured against Iberdrola's first-half operating base. The company reported EUR 4.33 billion in net profit, EUR 8.05 billion in adjusted EBITDA and EUR 7.0 billion in investment for the first half of 2026, according to Iberdrola.

Networks accounted for 63 percent of that investment, while the company reported EUR 55 billion of network assets and 61,318 GWh of renewable generation in the period. That mix gives the October release a clear operating test: investors will look for further progress in regulated infrastructure and renewable output.

Goldman raises the benchmark

Goldman Sachs upgraded Iberdrola from Neutral to Buy on October 1, 2026, and raised its price target from EUR 21 to EUR 25, as Yahoo Finance reported. The new target was 21.3 percent above Iberdrola's EUR 20.61 close on September 30, 2026.

The research case centers on earnings growth, dividends and heavier investment in regulated power networks. Goldman forecast capital spending of EUR 100 billion from 2026 through 2031, compared with its previous EUR 85 billion estimate, while also flagging exposure to power prices, regulation and foreign-exchange movements.

Consensus remains balanced

MarketBeat reported a Hold consensus among nine analysts on October 3, 2026, with four Buy ratings, four Hold ratings and one Sell rating. The split matters because Goldman and Deutsche Bank have recently moved higher while other broker actions have remained more cautious, creating a wider range of views ahead of the October results.

The market value reinforces that middle ground. Iberdrola's market capitalization was EUR 140.1 billion on October 6, 2026, and trading volume stood at 2,360,558 shares. The share's position below the yearly high leaves the results as the next dated test of whether network investment is translating into the earnings growth highlighted by Goldman.

October results set the next test

Iberdrola was last at EUR 21.00 on BME at 4:36 p.m. CEST on October 6, 2026, unchanged from the prior close. The company will publish its nine-month 2026 results on October 21, 2026.