A2A S.p.A. Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, A2A S.p.A. stock has a consensus rating of "Buy" and an average price target of €2.82. The average 1-year stock price forecast is 23.47% higher than the current stock price, while the lowest is €2.50 (+9.46%) and the highest is €3.14 (+37.48%).

Price Target: €2.82 (+23.47%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	€2.50	€2.82	€2.80	€3.14
Change	+9.46%	+23.47%	+22.59%	+37.48%

* Price targets were last updated on May 14, 2026.

Analyst Ratings

The average analyst rating for A2A S.p.A. stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	3	2	2	2	2
Buy	2	2	2	2	2	2
Hold	3	3	4	4	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	8	8	8	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Emanuele Oggioni Kepler Capital	Kepler Capital	Buy Maintains €2.80	Buy	Maintains	€2.80	+22.59%	May 14, 2026
Sarah Lester Morgan Stanley	Morgan Stanley	Buy Maintains €3.00	Buy	Maintains	€3.00	+31.35%	Mar 31, 2026

Financial Forecast

Revenue This Year

14.06B

from 14.06B

-0.01%

from 14.06B

Revenue Next Year

13.95B

from 14.06B

-0.81%

from 14.06B

EPS This Year

0.21

from 0.22

-5.95%

from 0.22

EPS Next Year

0.21

from 0.21

1.29%

from 0.21

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	11.39B	23.05B	14.63B	12.86B	14.06B	14.06B
Revenue Growth	70.37%	102.41%	-36.54%	-12.12%	9.38%	-0.01%
Net Income	504.00M	401.00M	659.00M	864.00M	750.00M	641.13M
EPS	-	-	-	-	0.22	0.21
EPS Growth	-	-	-	-	-19.88%	-5.95%
Forward PE	14.26	10.11	10.01	9.29	10.85	11.04
Dividend / Share	0.08	0.09	0.10	0.10	0.10	0.11
Dividend Growth	-	9.71%	5.97%	4.38%	4.00%	3.75%
Free Cash Flow	107.88M	298.25M	-138.25M	-408.75M	921.75M	-64.00M
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue	2026	2027	2028
High	15.8B
Avg	14.1B
Low	11.8B

Revenue Growth

Revenue Growth	2026	2027	2028
High	12.6%
Avg	-0.0%
Low	-16.2%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	0.21
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-5.9%
Low	-