Leonardo stock draws support after EUR 67 target increase

Published on 09/28/2026 at 11:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Leonardo stock traded at EUR 49.20 on September 28, 2026, while BNP Paribas lifted its target to EUR 67.00. First-half orders rose 45 percent.

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Leonardo stock (ISIN IT0003856405) was trading at EUR 49.20 on Borsa Italiana at 10:53 a.m. CEST on September 28, 2026, up 0.47 percent from the prior close of EUR 48.98. The latest investor case combines a EUR 3.7 billion naval contract with stronger first-half orders and a higher analyst target.

EUR 3.7 billion contract lands

Leonardo listed a September 24, 2026 release stating that Orizzonte Sistemi Navali signed a EUR 3.7 billion contract for two DDX destroyers for the Italian Navy. The agreement adds a concrete order signal to a business already carrying a large defense backlog.

The company reported first-half 2026 new orders of EUR 16.0 billion on July 30, 2026, an increase of 45 percent year on year. Revenue reached EUR 10.0 billion, up 12 percent, while EBITA rose 34 percent to EUR 780.0 million, according to Leonardo.

Analyst target reaches EUR 67

BNP Paribas raised Leonardo to Outperform from Neutral and increased its price target from EUR 65.00 to EUR 67.00 on September 15, 2026, MarketScreener reported. The same report said analysts viewed Leonardo's 2030 targets as achievable on the back of order growth.

The EUR 67.00 target stands EUR 17.80 above the September 28 trading price, a difference of 36.18 percent. MarketScreener's wider consensus showed an average target of EUR 69.41 and a range of EUR 60.00 to EUR 82.00, giving investors a clear measure of the expectations already reflected in coverage.

Leonardo stock stays below its yearly high

Leonardo stock's September 28 intraday range was EUR 48.81 to EUR 49.21, with volume at 304,455 shares. Its 52-week range was EUR 44.25 to EUR 66.26, leaving the share price 25.72 percent below the high while the market capitalization stood at EUR 28.4 billion.

The next scheduled milestone is the nine-month 2026 results date of November 5, 2026, shown in Leonardo's financial calendar. For investors, the key test is whether the strong order intake continues to convert into revenue, EBITA and cash flow during the second half.