BofA starts coverage of IRSA stock with USD 23.60 target

Published on 10/20/2026 at 18:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IRSA's meeting is set for October 22, 2026. IRSA stock costs EUR 12.70 on October 20, 2026 at 6:37 p.m. CEST after the Xetra close.

Analyst target and meeting date

Bank of America initiated coverage with a Buy rating and a USD 23.60 target on October 13, 2026.
IRSA's ordinary and extraordinary shareholder meeting is scheduled for October 22, 2026.
IRSA stock stood at EUR 12.70 at Lang & Schwarz on October 20, 2026 at 6:37 p.m. CEST.
The NYSE quote was USD 14.24 on October 20, 2026 at 12:40 p.m. ET, with a USD 1.1 billion market capitalization.

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Bank of America initiated coverage of IRSA Inversiones y Representaciones with a Buy rating and a USD 23.60 price target on October 13, 2026, according to Markets Insider. The target is 65.73 percent above the USD 14.24 NYSE price at the latest October 20, 2026 quote. IRSA stock stood at EUR 12.70 at Lang & Schwarz on October 20, 2026 at 6:37 p.m. CEST, after the Xetra close.

Shareholder vote comes next

IRSA's ordinary and extraordinary shareholder meeting is scheduled for October 22, 2026. The company published additional agenda information on September 24, 2026, including procedures for remote and in-person participation, in an IRSA notice.

What does the target imply?

The USD 23.60 target would place the stock 65.73 percent above the USD 14.24 NYSE quote. Bank of America analyst Carlos Peyrelongue linked the rating to a possible recovery in consumer activity, stronger mall growth and development potential at Las Ramblas, according to Markets Insider. The assessment gives investors a concrete valuation marker while leaving the meeting as the next dated company event.

Price position and valuation

On the NYSE, IRSA last traded at USD 14.24 on October 20, 2026 at 12:40 p.m. ET. Its 52-week range was USD 11.26 to USD 19.14, placing the quote USD 4.90 below the high and USD 2.98 above the low. The market capitalization was USD 1.1 billion, the price-to-earnings ratio was 1.00, and volume reached 51,456 shares at that timestamp.

IRSA's real estate portfolio

IRSA operates Argentine real estate businesses spanning shopping centers, offices, residential development, hotels and land reserves. The business mix means the analyst view combines recurring property income with development exposure. The October 22 meeting can therefore bring attention to both capital allocation and the company's property strategy.

Trading stays in focus

The euro quotation places the stock at EUR 12.70 at Lang & Schwarz on October 20, 2026 at 6:37 p.m. CEST, in after-hours trading. The latest NYSE quote was USD 14.24 on October 20, 2026 at 12:40 p.m. ET.

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