United Securities cuts target for Almarai stock to SAR 49.50

Published on 10/20/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached SAR 6.19 billion, up 11 percent year over year. A SAR 617.80 million Q3 profit sets the context for Almarai stock.

Targets and operating metrics

United Securities cut its target to SAR 49.50 on October 12, 2026.
Almarai reported SAR 6.19 billion in third-quarter revenue on October 4, 2026.
Almarai had a SAR 41.2 billion market capitalization as of October 20, 2026.

Almarai, SA000A0ETHT1, Illustration mit AI erstellt.

Almarai Company (ISIN SA000A0ETHT1) faced a lower analyst valuation after United Securities cut its target to SAR 49.50 on October 12, 2026, according to Finimize. The move followed third-quarter revenue of SAR 6.19 billion, up 11 percent year over year, while net profit rose 1 percent to SAR 617.80 million.

Revenue growth meets cost pressure

Almarai reported its third-quarter results on October 4, 2026. Revenue reached SAR 6.19 billion versus SAR 5.55 billion a year earlier, while net profit was SAR 617.80 million compared with SAR 613.20 million in the third quarter of 2025.

The contrast matters for investors. Sales advanced 11 percent, but profit increased only 1 percent as higher feed shipping, distribution and energy costs absorbed much of the benefit from stronger demand. For the first nine months of 2026, revenue reached SAR 18.22 billion, up 10 percent from SAR 16.61 billion in the same period of 2025, while net profit was broadly stable at SAR 1.99 billion.

Three dated signals for the stock

On October 4, 2026, Almarai reported SAR 6.19 billion in quarterly revenue; on October 6, 2026, its board approved a 2026 to 2031 strategy backed by more than SAR 15 billion of planned investment, according to Almarai; on October 12, 2026, United Securities cut its target to SAR 49.50, as Finimize reported.

What does the target cut signal?

The lower target puts valuation discipline alongside the growth story. Simply Wall St reported on October 9, 2026, that consensus revenue for 2027 stood at SAR 25.5 billion, compared with SAR 25.4 billion before the latest results, while the consensus target remained SAR 56.40, according to Simply Wall St. The differing targets show that earnings quality and cost conversion remain central to the share valuation.

Next reporting date

The next earnings report is scheduled for January 18, 2027, according to Investing.com.

Saudi valuation remains central

Almarai had a market capitalization of SAR 41.2 billion as of October 20, 2026. Its 52-week range was SAR 38.18 to SAR 50.10, leaving the operating-cost debate as the main counterweight to double-digit revenue growth.

Almarai stock was last at SAR 41.42 on the Saudi Exchange on October 20, 2026 at 12:33 p.m. AST.