Renta 4 raises Acerinox stock target from EUR 20 to EUR 22.80

Published on 10/16/2026 at 09:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Acerinox stock costs EUR 16.85 on October 16, 2026, within its EUR 11.03 to EUR 18.58 range. Third-quarter results are due October 30, 2026.

Recovery estimates shape the setup

Renta 4 lifted its Acerinox target to EUR 22.80 on October 5, 2026.
Acerinox earned EUR 77 million in the first half of 2026 and posted EBITDA of EUR 271 million.
Acerinox stock traded at EUR 16.85 at 9:09 a.m. CEST at Lang & Schwarz on October 16, 2026.
Third-quarter results are scheduled for October 30, 2026.

Architekturvisualisierung eines modernen Edelstahlwerks mit Silos und Fassaden — Architektur-Render einer modernen Edelstahlfabrik zeigt die Produktionsanlagen von Acerinox S.A. (ISIN ES0132105018) im Detail, Illustration mit AI erstellt.

Acerinox (ISIN ES0132105018) traded at EUR 16.85 at Lang & Schwarz on October 16, 2026 at 9:09 a.m. CEST, while the stock remained inside its EUR 11.03 to EUR 18.58 52-week range. The latest company-specific catalyst is Renta 4's October 5, 2026 decision to raise its price target from EUR 20.00 to EUR 22.80, as reported by Estrategias de Inversion.

Three developments set the timeline

On September 29, 2026, Democrata reported that Acerinox earned EUR 77 million in the first half of 2026 and generated EBITDA of EUR 271 million. On September 15, 2026, the analyst table published by Bolsamania listed Citi with a EUR 20.00 target. On October 5, 2026, Renta 4 lifted its target to EUR 22.80 and retained an Overweight rating, according to Bolsamania.

What does the target imply for recovery?

Renta 4 expects Acerinox EBITDA to reach EUR 628.80 million in 2026 and EUR 842.60 million in 2027, a 34.00 percent increase between those forecast years, according to Estrategias de Inversion. The firm forecasts third-quarter EBITDA of EUR 189.50 million, compared with EUR 176.00 million in the second quarter, while its 2026 net profit estimate stands at EUR 241.40 million. Deutsche Bank separately projects third-quarter EBITDA of EUR 186.00 million and highlights weak demand in several end markets, according to Bolsamania.

Dates that could reset expectations

Acerinox is scheduled to publish third-quarter results on October 30, 2026, before the market opens, according to Estrategias de Inversion. Barron's lists February 26, 2027 as the reporting date for fiscal year 2026 and October 30, 2026 for the third quarter.

Stock sits below the analyst targets

Acerinox has a market capitalization of EUR 4.2 billion as of October 15, 2026, and its BME reference quote closed at EUR 16.78 on October 14, 2026. The company produces stainless steel and high-performance alloys, with the United States providing the majority of its operating profit in the first half of 2026. The combination of first-half earnings, analyst targets and the October reporting date makes operating performance the next measurable test for the recovery thesis.

Acerinox was trading at EUR 16.85 at Lang & Schwarz on October 16, 2026 at 9:09 a.m. CEST.