Pirelli stock rises 1.21 percent as 2026 targets hold

Published on 10/06/2026 at 14:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pirelli stock traded at EUR 6.71 on October 6, 2026, with a 52-week range of EUR 5.31 to EUR 7.17. First-half revenue reached EUR 3.494 billion and adjusted EBIT EUR 557.8 million.

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Pirelli stock (ISIN IT0005278236) was trading at EUR 6.71 on Euronext Milan at 2:02 p.m. CEST on October 6, 2026, up 1.21 percent from EUR 6.63. The company enters the session with its 2026 targets confirmed after first-half results reported on July 29, 2026.

Targets stay intact after half-year results

According to Yahoo Finance, Pirelli confirmed its 2026 revenue guidance at EUR 6.75 billion to EUR 6.95 billion during the July 29, 2026 earnings call. The company also retained an adjusted EBIT margin target of 16 percent and net cash generation before dividends of EUR 500 million.

First-half revenue was EUR 3.494 billion, up 2.5 percent organically from the same period in 2025, while adjusted EBIT reached EUR 557.8 million at a 16 percent margin. Net income rose 13.3 percent to EUR 299 million, according to Rankia.

US investment adds a longer runway

Pirelli's board approved a EUR 1 billion US investment plan on September 22, 2026, according to the company release. The project starts in 2027 and is designed to lift annual capacity at the Rome, Georgia, plant to 6 million car tires by 2033, including Cyber Tyre technology, while creating 1,000 jobs.

The plan does not change the 2026 targets, but it changes the capital allocation story beyond the current year. The company expects the expansion to strengthen local production in the United States, where imported products currently serve part of demand. Pirelli said the capex-to-revenue ratio for 2027 to 2033 should remain consistent with previous periods.

Analyst target remains above market price

The analyst consensus published by MarketScreener covers 15 analysts and carries a Buy rating, with an average target of EUR 7.16 against the October 6 price of EUR 6.71. The target is 6.71 percent above the price, while the stock remains EUR 0.46 below that consensus level.

Equita raised its target from EUR 6.55 to EUR 6.70 on September 23, 2026, and kept a Buy rating, according to Teleborsa. That target is below the current market price, making the broader consensus more important than one individual estimate.

Stock stays below the yearly high

Pirelli was trading at EUR 6.71 on Euronext Milan on October 6, 2026. Its 52-week range was EUR 5.31 to EUR 7.17, with a market capitalization of EUR 7.3 billion and volume of 367,663 shares as of the same session.