Vodafone stock heads into its October 8 briefing

Published on 10/08/2026 at 09:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vodafone stock was last at GBp 127.20 on October 5, 2026, while Berenberg's target stood at GBp 140. Q1 FY27 service revenue rose 5.2 percent and adjusted EBITDAaL increased 6.2 percent.

Schwarzweiß-Reportagefoto von Technikern bei Glasfaserverlegung in Straßengraben — Vodafone Group plc (ISIN GB00BH4HKS39) investiert stark in Glasfaserausbau, hier dokumentarisch als Baustellenreportage festgehalten, Illustration mit AI erstellt.

Vodafone stock (ISIN GB00BH4HKS39) was last at GBp 127.20 on the London Stock Exchange on October 5, 2026, after the company reported 5.2 percent organic service revenue growth and 6.2 percent growth in adjusted EBITDAaL for Q1 FY27. Vodafone's October 8 VodafoneThree investor briefing and UK capital markets day now put merger savings and cash generation at the center of the investment case.

Q1 growth sets the baseline

According to Vodafone, the Q1 FY27 update showed organic service revenue rising 5.2 percent and organic adjusted EBITDAaL increasing 6.2 percent. The figures establish a stronger operating baseline for the enlarged UK business after the VodafoneThree transaction.

The company also reported 5.4 percent growth in group organic service revenue and 4.5 percent growth in group organic adjusted EBITDAaL in its investor materials. For investors, the key distinction is whether this operating improvement converts into recurring free cash flow after integration costs.

Berenberg lifts its target

As Investing.com reported on October 2, 2026, Berenberg raised its Vodafone target from GBp 123 to GBp 140 and retained a Buy rating. The broker forecast fiscal 2027 free cash flow of EUR 2.89 billion against Vodafone's EUR 2.6 billion to EUR 2.9 billion guidance range.

Berenberg also projected fiscal 2027 to fiscal 2029 core earnings growth of 1 percent to 2 percent annually on a like-for-like basis. Its analysis identified German consolidation and the execution of the Three UK merger as important variables, while continued price competition in Germany remained a risk to service revenue.

Consensus remains divided

MarketBeat reported on October 3, 2026, that ten analysts covering Vodafone's U.S.-listed ADRs had a consensus Reduce rating, with four sells, three holds and three buys. The average ADR target was USD 10.57, illustrating the gap between the bullish Berenberg view and the broader published U.S. consensus.

Vodafone stock stays below its yearly high

Vodafone stock was last at GBp 127.20 on October 5, 2026, with a daily change of 0.32 percent, a session range of GBp 126.80 to GBp 128.35 and volume of 49,428,916 shares. Its 52-week range was GBp 83.40 to GBp 132.05, leaving the last price GBp 4.85 below the yearly high.