JPMorgan keeps EUR 94 target for UniCredit stock

Published on 10/04/2026 at 17:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UniCredit stock was last at EUR 78.85 on October 2, 2026, with a 52-week range of EUR 57.36 to EUR 86.42. First-half revenue rose 13 percent.

S/W-Reportage: Bankvorstand am Glastisch, Mailänder Hochhaus-Skyline im Hintergrund — UniCredit IT0005239360 – schwarz-weiße Reportage-Fotografie einer Bankenvorstand-Konferenz am Glastisch mit Mailänder Skyline im Hintergrund, Illustration mit AI erstellt.

UniCredit (ISIN IT0005239360) stock was last at EUR 78.85 on Borsa Italiana on October 2, 2026, at 5:39 p.m. CEST, down 0.86 percent on the session. According to FinanzNachrichten on October 1, 2026, JPMorgan kept its Overweight rating and EUR 94 price target ahead of UniCredit's quarterly results. The target lies 19.2 percent above the October 2 market price, putting the analyst view above the recent trading level.

Half-year revenue rose 13 percent

UniCredit's 1H26 presentation reported revenue of EUR 6.7 billion, up 13 percent year over year, and net profit of EUR 3.1 billion, up 22 percent. UniCredit also reported earnings per share growth of 28 percent in the first half and a 35.2 percent cost-to-income ratio in the second quarter.

The operating mix matters because the bank paired top-line growth with lower costs. UniCredit reported a 2 percent quarter-over-quarter increase in net interest income, 14 percent year-over-year growth in fees and net insurance, and organic capital generation of EUR 2.5 billion in 1H26.

Consensus target stays above EUR 94

MarketScreener lists an Outperform mean consensus from 18 analysts and an average target price of EUR 94.14. Against the October 2 price of EUR 78.85, that average target lies 19.4 percent above the stock, while JPMorgan's separate EUR 94 target is 19.2 percent higher.

The main counter-factor is the bank's pursuit of Commerzbank and other cross-border opportunities. Morningstar reported on October 1, 2026, that UniCredit's growth strategy has lifted profitability while leaving the stock exposed to transaction execution and a possible Italian windfall tax.

October results set the next test

MarketScreener lists October 20, 2026, as the date for UniCredit's Q3 2026 earnings release. That report will test whether the 1H26 pattern of 13 percent revenue growth, 22 percent net profit growth and a 35.2 percent quarterly cost-to-income ratio is continuing.

Stock remains below its yearly high

UniCredit stock was last at EUR 78.85 on Borsa Italiana on October 2, 2026, with a session range of EUR 77.11 to EUR 79.51 and a 52-week range of EUR 57.36 to EUR 86.42. The market capitalization was EUR 118.5 billion and trading volume was 7,582,593 shares on that date.