Snam stock gains 0.69 percent as target stays above price

Published on 10/04/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Snam stock closed at EUR 5.572 on October 2, 2026, gaining 0.69 percent as the share remained below its yearly high. H1 revenue rose 6.3 percent to EUR 2.026 billion, while 20 analysts held a Hold consensus.

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Snam (ISIN IT0003153415) stock closed at EUR 5.572 on Borsa Italiana on October 2, 2026, gaining 0.69 percent from the previous close of EUR 5.534. The move leaves the share 18.9 percent below its 52-week high of EUR 6.870, making valuation and capital deployment the key investor checkpoints.

Half-year revenue moved higher

According to Economia Italia in its September 11, 2026 review, Snam reported H1 2026 revenue of EUR 2.026 billion, up 6.3 percent year over year. Adjusted EBITDA reached EUR 1.572 billion, a 5.4 percent increase, while adjusted net profit declined 2.3 percent to EUR 733 million.

The investment cycle accelerated: H1 2026 investments totaled EUR 1.613 billion, up 43.8 percent from the prior-year period, while net debt reached EUR 18.803 billion, up 7.4 percent from the end of 2025. The combination points to stronger infrastructure execution alongside a heavier financing burden.

Analyst targets remain above price

According to MarketScreener on September 22, 2026, the consensus rating was Hold from 20 analysts, with an average target price of EUR 6.491 and a published spread of 15.33 percent against a reference close of EUR 5.628. The same overview listed the consensus range from EUR 5.400 to EUR 7.300.

UBS raised Snam to Buy from Neutral on September 10, 2026, while reducing its target from EUR 6.700 to EUR 6.600, according to MarketScreener. UBS cited regulatory uncertainty and higher yields as risks, while its valuation case included 5.6 percent annual growth in Snam's regulated asset base from 2025 to 2030.

Snam stock closes below yearly high

Snam stock closed at EUR 5.572 on October 2, 2026, with a session range of EUR 5.520 to EUR 5.602 and volume of 878,830 shares. Its 52-week range was EUR 5.024 to EUR 6.870, while market capitalization stood at EUR 21.5 billion on September 22, 2026.