Goldman Sachs cuts target for Orsted stock to DKK 155

Published on 10/18/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs cut its target from DKK 185 to DKK 155 on October 13, 2026. For Orsted stock, Gunfleet Sands adds 172 MW in November.

Analyst target and reporting dates

Goldman Sachs cut its Orsted target from DKK 185 to DKK 155 on October 13, 2026.
Gunfleet Sands will add 49.90 percent ownership and 172 MW for GBP 15.0 million.
Orsted stock closed at EUR 17.10 on October 16, 2026.
The Gunfleet Sands transaction is expected to close in November 2026, with the annual report due in February 2027.

Extreme Nahaufnahme einer Windturbinenblatt-Oberfläche mit glänzenden Regentropfen — Makroaufnahme einer Rotorblattoberfläche mit Regentropfen zeigt Materialdetail typisch für Ørsted A/S, ISIN DK0060094928, Offshore-Windkraftanlagen, Illustration mit AI erstellt.

Orsted (ISIN DK0060094928) faces a lower analyst valuation after Goldman Sachs cut its price target from DKK 185 to DKK 155 and downgraded the stock from Buy to Neutral on October 13, 2026. Investing.com said the decision reflected higher sovereign interest rates and expectations for weaker third-quarter results.

What does the downgrade signal?

The new target puts the focus on financing costs for a capital-intensive offshore wind developer. Goldman Sachs also expects third-quarter results to underperform relative to sector peers, according to Markets Insider. That assessment matters because Orsted maintained 2026 EBITDA guidance above DKK 28 billion excluding new partnerships and cancellation fees.

Three dated developments

On August 13, 2026, Orsted reported first-half EBITDA excluding new partnerships and cancellation fees of DKK 15 billion, more than DKK 1 billion above the prior-year period, according to the Yahoo Finance transcript. On October 12, 2026, a pre-close presentation kept the 2026 EBITDA outlook above DKK 28 billion and cited Q2 offshore generation capacity of 5.9 GW, according to Quartr. The same date brought the Gunfleet Sands announcement.

What does Gunfleet Sands add?

Orsted will acquire the remaining 49.90 percent of Gunfleet Sands 1 and 2 for GBP 15.0 million, taking full ownership of the 172 MW offshore wind asset off Essex. The transaction is expected to close in November 2026 and gives Orsted greater control over operating decisions and future lifetime-extension options, according to the issuer release carried by FinanzNachrichten.

Upcoming reporting dates

The Gunfleet Sands closing is expected in November 2026. Orsted plans to announce the 2026 annual report and dividend amount in February 2027, according to the second-quarter earnings-call transcript carried by Yahoo Finance.

Stock context after October 16

Orsted's last Xetra price was EUR 17.10 on October 16, 2026. The dated close leaves the analyst target and the Gunfleet Sands transaction as the clearest figures for assessing the stock before the next scheduled corporate updates.

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