Prysmian S.p.A. stock (IT0004176001): Goldman Sachs lifts target ahead of Milan trading

Prysmian S.p.A. enters Friday trading on Borsa Italiana in focus after Goldman Sachs raised its euro price target, keeping attention on the Italian cable maker following strong early-2026 momentum.

Prysmian S.p.A. shares are set to open Friday trading on Borsa Italiana in the spotlight after Goldman Sachs recently raised its euro price target on the Milan-listed cable manufacturer, underscoring continued investor interest in one of Italy's key industrial names, according to StreetInsider on 05/27/2026 based on a Goldman Sachs note raising the target to EUR 161 from EUR 126.

The stock, listed under ticker PRY on Borsa Italiana, has been an active component of Italian equity benchmarks, and the latest target increase from a major US investment bank reinforces the focus on how Prysmian is positioned within the broader European capital goods and infrastructure supply chain.

As of: 05/29/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Prysmian
• Sector/industry: Cables, energy and telecom infrastructure
• Headquarters/country: Milan, Italy
• Core markets: Europe, North America, Asia-Pacific
• Key revenue drivers: High-voltage submarine and underground power transmission projects, energy distribution cables, and telecom fiber solutions.
• Home exchange/listing venue: Borsa Italiana (PRY)
• Trading currency: EUR

Prysmian S.p.A.: core business model

Prysmian S.p.A. operates as a global supplier of specialized cable systems that support electricity transmission, energy distribution, and telecommunications networks, with growth largely linked to large-scale power grid upgrades, offshore wind connections, and broadband infrastructure deployments.

Valuation metrics and multiples for Prysmian S.p.A.

The latest visible datapoints on Prysmian's valuation context are anchored by the recent Goldman Sachs research move, which lifted its price target to EUR 161 from EUR 126 in a 05/27/2026 note that maintained a positive stance on the stock's risk-reward profile in light of its order backlog and exposure to grid investment, as reported by StreetInsider. While the exact forward P/E or EV/EBITDA multiples are not disclosed in that summary, the magnitude of the new target suggests that the bank modelled improved earnings power versus its prior assumptions, potentially reflecting strong execution on large transmission projects and continued demand in telecom and energy cables.

Consensus-oriented aggregators such as MarketBeat highlight that Prysmian's over-the-counter US listing PRYMY carries a "Moderate Buy" rating based on several Wall Street analysts in the last 12 months, implying that the broader analyst community also takes a constructive view on valuation relative to medium-term earnings prospects, though individual target levels differ. For euro-based investors on Borsa Italiana, these foreign-target references, together with the EUR 161 figure cited by Goldman Sachs, provide a frame of reference when comparing Prysmian against other European industrial and infrastructure-linked stocks on metrics such as price-to-earnings, enterprise value to EBITDA, and implied growth expectations.

Conclusion

The fresh price target increase from Goldman Sachs to EUR 161 highlights how Prysmian S.p.A. remains an important name on Borsa Italiana for investors tracking European electrification and digital infrastructure investment trends. Against this backdrop, Friday's trading in Milan will give a new indication of how the local market integrates the updated valuation views from international research houses into Prysmian's share price.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.