Renta 4 raises target for Acerinox stock to EUR 22.80

Published on 10/14/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Renta 4 sees EUR 189.50 million EBITDA in the third quarter. Acerinox stock costs EUR 17.01 on October 14, 2026, 8.45 percent below EUR 18.58.

Analyst targets and operating figures

Renta 4 raised its Acerinox target to EUR 22.80 on October 5, 2026.
Acerinox reported EUR 271.00 million of EBITDA for the first half of 2026.
Acerinox stock was trading at EUR 17.01 at Lang & Schwarz on October 14, 2026 at 12:06 p.m. CEST.

Trader vor Bildschirmen mit IBEX 35 Kursdiagrammen in einem Handelssaal — Börsen-Editorialfoto vom Handelssaal in Madrid mit IBEX-35-Charts symbolisiert den Börsenhandel von Acerinox S.A. (ISIN ES0132105018), Illustration mit AI erstellt.

Acerinox stock (ISIN ES0132105018) was trading at EUR 17.01 at Lang & Schwarz on October 14, 2026 at 12:06 p.m. CEST. On October 5, 2026, Bolsamania reported that Renta 4 raised its target from EUR 20.00 to EUR 22.80 and reiterated its overweight rating.

Targets point to stronger earnings

Renta 4 expects Acerinox to generate EUR 189.50 million of EBITDA in the third quarter of 2026, compared with EUR 176.00 million in the second quarter of 2026. That forecast implies a quarter-on-quarter increase of 7.67 percent and places the upcoming report at the center of the near-term valuation debate.

Deutsche Bank projected EUR 186.00 million of EBITDA for the third quarter of 2026 and maintained a EUR 20.50 price target, according to Bolsamania. The same report highlighted weak underlying demand in several end markets and continued pressure from the European business.

What can lift the next quarter?

Acerinox entered the second half of 2026 with operating improvement already visible. In its second-quarter earnings call on July 24, 2026, the company said first-half EBITDA reached EUR 271.00 million, up 27.00 percent from the same period a year earlier, while second-quarter EBITDA rose 85.00 percent from the first quarter to EUR 176.00 million, according to Yahoo Finance.

Management also described positive monthly EBITDA in Acerinox Europa during June 2026 and pointed to a strong aerospace and defense order book in the High Performance Alloys division. The main counterweight is the seasonal slowdown in Europe and softer demand across several markets.

Three dated operating signals

On July 24, 2026, the second-quarter call put first-half EBITDA at EUR 271.00 million. On October 5, 2026, Renta 4 lifted its target to EUR 22.80. On October 14, 2026, the Lang & Schwarz quote placed Acerinox stock at EUR 17.01, 8.45 percent below its 52-week high of EUR 18.58.

Next reporting date

Yahoo Finance lists October 30, 2026 as Acerinox's next earnings date. The figure that matters most for the market will be whether third-quarter EBITDA lands near the EUR 186.00 million to EUR 189.50 million analyst range.

Stock remains below its yearly high

At EUR 17.01, the Lang & Schwarz quote stood EUR 1.57 below Acerinox's 52-week high of EUR 18.58 on October 14, 2026 at 12:06 p.m. CEST. The company trades on BME as ACX.MC and has a market capitalization of EUR 4.2 billion as of October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of Acerinox stock.