Pirelli launches Scorpion Winter 3: Intesa keeps EUR 7.50 target for Pirelli stock

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

High Value products reached 82.00 percent of first-half sales. Intesa keeps a EUR 7.50 target for Pirelli stock.

Growth and valuation markers

Pirelli rolled out Scorpion Winter 3 for SUVs and crossovers on October 15, 2026.
High Value products represented 82.00 percent of sales in the first half of 2026.
Pirelli's market capitalization stood at EUR 7.3 billion as of October 18, 2026.

Moderne Reifenfabrik mit Robotern, Arbeitern und Mailand-Skyline im Hintergrund — Fotorealistische Reifenfabrik zeigt Pirelli & C. S.p.A. (IT0004623051) mit Robotern und Mailänder Skyline im Hintergrund, Illustration mit AI erstellt.

Pirelli (ISIN IT0005278236) rolled out its Scorpion Winter 3 tire for SUVs and crossovers on October 15, 2026, according to Yahoo Finance. Intesa Sanpaolo kept a EUR 7.50 price target for Pirelli on October 12, 2026, according to MilanoFinanza.

Winter range meets premium mix

The new winter tire extends Pirelli's offer for SUVs and crossovers, while the company's premium strategy already has a large operating base. In the first half of 2026, High Value products accounted for 82.00 percent of sales, up from 80.00 percent in the same period of 2025, according to Rankia.

That mix supported a 16.00 percent adjusted EBIT margin in the first half of 2026. Revenue reached EUR 3.49 billion, while adjusted EBIT stood at EUR 557.80 million and net income rose 13.30 percent to EUR 299.00 million, according to Rankia.

What does the US plan change?

Pirelli's board approved a EUR 1.00 billion US expansion on September 22, 2026, with production capacity intended to rise 7.00 percent by 2033. Equita said the project could add more than EUR 600.00 million in annual revenue once fully operational, while the earnings effect would emerge gradually from 2028, according to Teleborsa.

Three dates changed the picture

On September 22, 2026, Pirelli approved the EUR 1.00 billion US plan; on September 23, 2026, Camfin Alternative Assets bought 3.34 percent, taking the related ownership chain to 29.90 percent, according to Rankia. On October 15, 2026, Pirelli rolled out Scorpion Winter 3 for SUVs and crossovers, according to Yahoo Finance.

Dates ahead for Pirelli

Pirelli is scheduled to publish its first nine-month 2026 results on November 5, 2026, according to Rankia.

Valuation rests on execution

Intesa Sanpaolo's EUR 7.50 target keeps valuation tied to the delivery of the premium mix, the US investment plan and margin discipline. Pirelli's market capitalization stood at EUR 7.3 billion as of October 18, 2026, while the next results date offers a concrete test of its 16.00 percent adjusted EBIT margin guidance.