Jefferies raises target for Iberdrola stock to EUR 20.70

Published on 10/16/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock trades at EUR 21.63 on October 16, 2026, 0.37 percent above the Xetra close in Germany. Results follow on October 21, 2026.

Analyst view and operating base

Jefferies lifted its Iberdrola target to EUR 20.70 from EUR 19.20 on October 14, 2026.
Reported net profit reached EUR 4.33 billion in the first half of 2026, with EUR 7.00 billion invested.
Iberdrola stock trades at EUR 21.63 at 9:17 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.37 percent above the Xetra close of October 15, 2026.

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Iberdrola (ES0144580Y14) was trading at EUR 21.63 at Lang & Schwarz on October 16, 2026, 0.37 percent above the Xetra close of October 15, 2026 at EUR 21.55. Jefferies raised its price target to EUR 20.70 from EUR 19.20 on October 14, 2026, while keeping a Hold rating, according to Investing.com. The target remains below the German euro quotation, putting the analyst view and the market price on different sides of the same reference.

Target moves ahead of results

Jefferies expects adjusted earnings before interest, taxes, depreciation and amortization of EUR 3.70 billion in the third quarter of 2026. Its forecast assigns the Networks division a 13 percent year-over-year increase, while the EPC division is expected at EUR 1.60 billion, down 9 percent year over year, according to Investing.com. The split matters because regulated networks are becoming the stronger growth engine while EPC faces a tougher comparison.

Three dates define the setup

On July 22, 2026, Iberdrola reported first-half net profit of EUR 4.33 billion, adjusted EBITDA of EUR 8.05 billion and investment of EUR 7.00 billion. On October 9, 2026, the company reported September electricity distribution of 207,000 GWh, up 5.8 percent year over year. On October 14, 2026, Jefferies set its EUR 20.70 target after a previous EUR 19.20, according to Iberdrola and Investing.com.

What does network growth mean?

The first-half figures show why networks dominate the investment case. Iberdrola allocated 63 percent of its EUR 7.00 billion investment to networks, while network assets stood at EUR 55.00 billion, according to Iberdrola. For investors, the key comparison is between that operating expansion and Jefferies' 13 percent network EBITDA forecast for the third quarter.

Results date is October 21

Iberdrola's next substantiated reporting date is October 21, 2026, when it is scheduled to present nine-month 2026 results, according to Iberdrola.

Stock stays above the target

Iberdrola's market capitalization was EUR 143.9 billion as of October 16, 2026, and its 52-week range was EUR 16.63 to EUR 22.07. The stock was trading at EUR 21.63 at Lang & Schwarz on October 16, 2026 at 9:17 a.m. CEST, 0.37 percent above the Xetra close of October 15, 2026 at EUR 21.55. The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.