Leonardo stock: RBC keeps EUR 70.00 target for Leonardo stock

Published on 10/20/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Leonardo sets results for November 4, 2026. Leonardo stock costs EUR 49.29 on October 20, 2026, 0.17 percent below the Tradegate close.

Analyst target and reporting date

RBC Capital maintained its EUR 70.00 target for Leonardo on October 9, 2026.
Leonardo reported EUR 10.0 billion in first-half 2026 revenue, up 12.00 percent year over year.
Leonardo stock costs EUR 49.29 at Lang & Schwarz on October 20, 2026 at 4:02 p.m. CEST, 0.17 percent below the Tradegate close of October 19, 2026.
The company will publish nine-month 2026 results on November 4, 2026.

Schwarzweiß-Dokumentarfoto von Arbeitern beim Zusammenbau eines Flugzeugrumpfs — Schwarzweiß-Reportage dokumentiert Fertigung bei Leonardo S.p.A. (IT0003856405) in italienischer Luft- und Rüstungsindustrie, Illustration mit AI erstellt.

RBC Capital maintained a Buy rating and a EUR 70.00 price target for Leonardo in a report released on October 9, 2026, according to Markets Insider. The target is 42.04 percent above the EUR 49.29 Lang & Schwarz price, calculated in euros. Leonardo stock was trading at EUR 49.29 at Lang & Schwarz on October 20, 2026 at 4:02 p.m. CEST, 0.17 percent below the Tradegate close of October 19, 2026 at EUR 49.38.

First-half revenue reached EUR 10.0 billion

Leonardo's latest reported period was the first half of 2026. The company reported EUR 10.0 billion in revenue, up 12.00 percent from the first half of 2025, while EBITA reached EUR 780.0 million, up 34.00 percent year over year, according to Leonardo. New orders totaled EUR 16.0 billion in the first half, an increase of 45.00 percent from the year-earlier period.

Leonardo stock sits below the target

The distance to RBC Capital's target gives the analyst view a measurable market comparison. At EUR 49.29, the stock stands 29.59 percent below the EUR 70.00 target under the alternative target-distance calculation. The daily move is smaller: the Lang & Schwarz price is 0.17 percent below the dated Tradegate close.

November 4 brings the next report

Leonardo moved the board meeting for its nine-month 2026 results from November 5 to November 4, 2026 for organizational reasons, the company said on October 14, 2026 in its financial-calendar update. The change was reported in the company's press release. Bank of America cut its target from EUR 79.50 to EUR 71.00 on October 1, 2026 while retaining its Buy recommendation, according to Bolsamania.

What the 2026 figures set up

The upcoming report will put the first-half order momentum against the full-year outlook. Leonardo's July 30 update raised its 2026 guidance for orders, EBITA and free operating cash flow, including EUR 16.0 billion of first-half orders and EUR 780.0 million of first-half EBITA. The November 4 release is the next dated test of that outlook.

Leonardo stock and the analyst range

Leonardo's EUR 49.29 Lang & Schwarz price on October 20, 2026 at 4:02 p.m. CEST was 0.17 percent below the Tradegate close of October 19, 2026 at EUR 49.38. The further course of trading is shown by the continuously updated real-time quote of Leonardo stock.