Snam stock: Equita rates Snam stock Buy with EUR 6.60 target

Published on 10/21/2026 at 17:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBITDA rose 9.00 percent in first-half 2026. Snam stock costs EUR 5.91 on October 21, 2026, up 1.93 percent versus the Xetra close.

Analyst target and results

Equita listed a EUR 6.60 target and Buy rating on October 6, 2026.
Adjusted EBITDA rose 9.00 percent to EUR 1,572.00 million in the first half of 2026.
Snam stock costs EUR 5.91 at Lang & Schwarz on October 21, 2026 at 5:09 p.m. CEST, 1.93 percent above the Xetra close of October 20, 2026, 13.97 percent below the 52-week high.
Snam is scheduled to publish its interim report for September 30, 2026, on November 11, 2026.
The stock trades at a trailing P/E of 17.37 and has a EUR 19.8 billion market capitalization.

Isometrisches 3D-Diagramm einer Gastransport- und Speicherkette — Snam S.p.A. (IT0003153415) veranschaulicht ihre Wertschöpfungskette durch ein isometrisches 3D-Diagramm der Gasinfrastruktur, Illustration mit AI erstellt.

Equita listed a EUR 6.60 target and Buy rating for Snam on October 6, 2026, while the stock stood at EUR 5.91 at Lang & Schwarz on October 21, 2026 at 5:09 p.m. CEST, up 1.93 percent versus the Xetra close of October 20, 2026. The target is 11.68 percent above the current euro price. The analyst entry appears on Snam.

First-half earnings set the backdrop

Snam's first-half 2026 adjusted EBITDA reached EUR 1,572.00 million, up 9.00 percent from the same period of 2025. Adjusted net income was EUR 733.00 million, up 3.00 percent after excluding a prior-year deflator item, according to the first-half results call held on July 29, 2026, as documented by Yahoo Finance. Management also confirmed adjusted EBITDA guidance of EUR 3.10 billion for fiscal year 2026.

Stock stays below its yearly high

The EUR 5.91 price is 13.97 percent below Snam's 52-week high of EUR 6.87 and 11.30 percent above its 52-week low of EUR 5.31. The figures are from the October 21, 2026 market snapshot, while the Xetra close used for the daily comparison was EUR 5.80 on October 20, 2026.

Valuation and next dates

Snam's trailing price-to-earnings ratio is 17.37, and its market capitalization is EUR 19.8 billion as of October 21, 2026. The company is scheduled to publish its interim financial report for September 30, 2026, on November 11, 2026, followed by the presentation of its consolidated 2026 financial statements in March 2027, according to Snam.

Comparison with peers

Snam: up 1.93 percent, P/E 17.37, market capitalization EUR 19.8 billion.
Terna: up 0.85 percent, P/E 17.16, market capitalization EUR 18.9 billion.
Eni: up 1.77 percent, P/E 15.53, market capitalization EUR 77.0 billion.

What the target means for valuation

Equita's EUR 6.60 target places the stock above its current quote but below the EUR 6.87 yearly high. The key near-term date is November 11, 2026, when the September-period report should add a fresh test of earnings growth and balance-sheet guidance.

Price holds above the Xetra close

Snam stock was trading at EUR 5.91 at Lang & Schwarz on October 21, 2026 at 5:09 p.m. CEST, 1.93 percent above the Xetra close of October 20, 2026 at EUR 5.80. The price remained 13.97 percent below the 52-week high of EUR 6.87.

The further course of trading is shown by the continuously updated real-time quote of Snam stock.