UBS reiterates Buy rating for Snam stock with EUR 6.60 target

Published on 10/15/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half adjusted earnings rose 9.00 percent to EUR 1.572 billion. Snam stock costs EUR 5.81 on October 15, 2026.

Analyst view and operating progress

UBS reiterated a Buy rating and set a EUR 6.60 target on October 14, 2026.
First-half adjusted earnings rose 9.00 percent to EUR 1.572 billion.
Snam stock trades at EUR 5.81 at 9:37 a.m. CEST at Lang & Schwarz on October 15, 2026.

Aquarellmalerei einer italienischen Vorortstadt mit Bürogebäuden — Snam S.p.A. (IT0003153415) hat Sitz in San Donato Milanese, dargestellt als sanftes Aquarell einer Stadtlandschaft, Illustration mit AI erstellt.

Snam (ISIN IT0003153415) was trading at EUR 5.81 at Lang & Schwarz on October 15, 2026 at 9:37 a.m. CEST. The latest analyst signal came from UBS, which reiterated a Buy rating and set a EUR 6.60 price target on October 14, 2026, according to The Globe and Mail.

Three dates shape the story

Snam's first-half 2026 results were presented on July 29, 2026, with adjusted EBITDA of EUR 1.572 billion, up 9.00 percent year over year, according to Yahoo Finance. UBS cut its target from EUR 6.70 to EUR 6.60 on September 10, 2026, while keeping its Buy rating, as shown in Snam's analyst coverage. The October 14, 2026 UBS update kept the Buy view and the EUR 6.60 target.

What does the target imply?

The target sits EUR 0.79 above the Lang & Schwarz price, but the two quotations have different venues and are not combined into a percentage comparison. Snam's operating figures provide the stronger context: adjusted net income reached EUR 733 million in the first half of 2026, up 3.00 percent year over year after adjusting for a prior-year deflator effect, according to Yahoo Finance's transcript.

Management confirmed adjusted EBITDA guidance of EUR 3.1 billion for fiscal year 2026 and adjusted net income guidance above EUR 1.450 billion. Net debt stood at EUR 18.8 billion at the end of June 2026, while the company upgraded its full-year net debt guidance from EUR 19.0 billion to EUR 18.9 billion. The figures point to a business where regulated growth and balance-sheet control matter more than a single target-price revision.

Next reporting date is November 11

Snam's next scheduled company event is the interim financial report for the period ended September 30, 2026, due on November 11, 2026, according to the company's investor-relations calendar. The release is expected to include a board resolution on the 2026 interim dividend.

Price stays below the analyst target

The EUR 6.60 UBS target is 13.60 percent above the Lang & Schwarz price of EUR 5.81, calculated using the two euro values. Snam is listed on Borsa Italiana under ticker SRG and operates regulated gas infrastructure, including transportation, storage and LNG regasification.

The stock was trading at EUR 5.81 at Lang & Schwarz on October 15, 2026 at 9:37 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Snam stock.