JPMorgan raises Acerinox target to EUR 20.20: Acerinox stock falls 1.82 percent

Published on 10/22/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Acerinox stock costs EUR 16.70 on October 22, 2026, 1.82 percent below the Xetra close. Results are due October 30, 2026.

Analyst targets and reporting date

JPMorgan raised its Acerinox target from EUR 16.10 to EUR 20.20 on October 15, 2026.
Second-quarter EBITDA reached EUR 176.00 million, 85.00 percent above the first quarter.
Acerinox stock trades at EUR 16.70 at 10:01 a.m. CEST at Lang & Schwarz on October 22, 2026, 1.82 percent below the Xetra close of October 21, 2026.
Third-quarter results are scheduled for October 30, 2026.

Bauhaus-Poster mit geometrischen Stahlcoil-Formen und dem Schriftzug STEEL — Geometrisches Bauhaus-Poster mit Stahlcoil-Motiven veranschaulicht die Branche von Acerinox S.A. (ISIN ES0132105018) grafisch, Illustration mit AI erstellt.

Acerinox (ES0132105018) stock was trading at EUR 16.70 at Lang & Schwarz on October 22, 2026, 1.82 percent below the EUR 17.01 reference close. Estrategias de Inversion reported on October 15, 2026, that JPMorgan raised its Acerinox price target from EUR 16.10 to EUR 20.20 while keeping a neutral recommendation. The target change gives the latest company-specific catalyst a valuation angle, while the stock is below the October 21 reference close.

JPMorgan target reaches EUR 20.20

The revised target is EUR 4.10 above JPMorgan's previous EUR 16.10 level. The same report said Acerinox had gained 30.00 percent during 2026 by October 15, 2026, a figure that places the target revision against a substantial prior share-price advance.

The valuation case also has a fundamental base. Acerinox's second-quarter EBITDA was EUR 176.00 million, 85.00 percent above the first quarter, while first-half EBITDA reached EUR 271.00 million, 27.00 percent above the same period in 2025, according to the company's second-quarter earnings presentation carried by Yahoo Finance.

Three dated stock events

On July 24, 2026, Acerinox reported second-quarter EBITDA of EUR 176.00 million in its earnings presentation. On October 5, 2026, Renta 4 raised its target from EUR 20.00 to EUR 22.80, as Estrategias de Inversion reported. On October 15, 2026, JPMorgan lifted its target from EUR 16.10 to EUR 20.20.

What does the target change mean?

The latest target is EUR 3.50 above the October 22 Lang & Schwarz price, equivalent to 20.96 percent above the reference price. The counter-factor is timing: the next earnings release will test whether the stronger first-half EBITDA trend continued into the third quarter.

Next reporting date is October 30

Acerinox is scheduled to publish third-quarter results on October 30, 2026. MarketBeat lists expected third-quarter earnings per share of USD 0.2062 and revenue of USD 1.87 billion, compared with USD 0.06 and USD 1.65 billion in the year-earlier quarter.

Stock trades below reference close

The EUR 16.70 quote was 1.82 percent below the Xetra close of October 21, 2026, at EUR 17.01. The reference price remains inside the 52-week range of EUR 11.03 to EUR 18.58, leaving the October 30 results as the next dated test for the recovery narrative.

The stock was trading at EUR 16.70 at Lang & Schwarz on October 22, 2026 at 10:01 a.m. CEST, 1.82 percent below the Xetra close of October 21, 2026 at EUR 17.01. The further course of trading is shown by the continuously updated real-time quote of Acerinox stock.