UBS keeps Buy rating for Snam stock at EUR 6.60

Published on 10/12/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half adjusted EBITDA rose 9.00 percent to EUR 1,572 million. Snam stock costs EUR 5.66 on October 12, 2026 versus UBS target EUR 6.60.

Key points in brief

UBS maintained a Buy rating on Snam stock and set a EUR 6.60 price target on October 9, 2026.
First-half adjusted EBITDA reached EUR 1,572 million, up 9.00 percent year over year.
Snam stock was at EUR 5.66 at Lang & Schwarz on October 12, 2026, while the next interim report is scheduled for November 11, 2026.
Snam's first-half adjusted net income was EUR 733 million, with full-year adjusted net income guidance above EUR 1,450 million.

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.

Snam stock (ISIN IT0003153415) was at EUR 5.66 at Lang & Schwarz on October 12, 2026. UBS maintained a Buy rating and set a EUR 6.60 price target on October 9, 2026, according to The Globe and Mail.

Three milestones shape the picture

On March 5, 2026, Snam presented fiscal 2025 revenue of EUR 3,885 million, adjusted net profit of EUR 1,422 million and investments of EUR 2,758 million, per Snam.

On July 29, 2026, the company reported first-half adjusted EBITDA of EUR 1,572 million, up 9.00 percent year over year, and adjusted net income of EUR 733 million, according to Yahoo Finance. The figures point to earnings growth driven by organic expansion and a larger consolidation perimeter.

On October 9, 2026, UBS kept its Buy rating and set the EUR 6.60 target. That target is EUR 0.94 above the Lang & Schwarz price, placing the analyst view 16.61 percent above the current euro quote.

What does the guidance mean?

Snam confirmed full-year 2026 adjusted EBITDA guidance of EUR 3,100 million and adjusted net income guidance above EUR 1,450 million in the first-half call. It also upgraded full-year net debt guidance to EUR 18,900 million from EUR 19,000 million, linking the improvement to working capital.

Dates for the next checkpoints

Snam's calendar lists November 11, 2026, for the interim financial report as of September 30, 2026, including a resolution on the interim 2026 dividend. The company also lists March 2027 for its fiscal 2026 consolidated financial statements, according to Snam.

Stock price and investor context

The EUR 5.66 quote gives the stock a concrete market reference against UBS's EUR 6.60 target, while the first-half results provide the operating counterweight. Snam operates regulated gas transport and storage infrastructure, with LNG regasification and market solutions also contributing to the group.

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