Friday, 4 September 2026

iberempresa

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Morgan Stanley sets a target price of €26.50 for Repsol

Morgan Stanley has set a target price of €26.50 for Repsol, suggesting a downside potential of 6.5%. This valuation contrasts with others above €30.

Álvaro Sáez Ferrer
Álvaro Sáez Ferrer
· 1 min read

Morgan Stanley has set a target price of €26.50 for Repsol shares, implying a downside potential of 6.5%. This valuation is the lowest issued in the last month and contrasts with estimates from other firms that exceed €30.

Repsol's shares have experienced a remarkable increase, recording an accumulated rally of 88% so far this year, the highest in the Ibex. However, Morgan Stanley's latest valuation suggests a shift in this trend, establishing a target price of €26.50 per share, indicating a drop of 6.5% from the previous close of €28.34.

This new estimate from Morgan Stanley, published today, has caused Repsol's shares to rank among the lagging values of the day in the Ibex. Despite this correction, most analysts maintain a positive outlook on the company, in a context where oil prices are once again near $100.

Since the end of August, four other firms have updated their forecasts for Repsol, all setting a target above €30, with estimates ranging from €31 to €38. Despite Morgan Stanley's warnings, fourteen of the twenty-seven firms analysing the stock recommend buying its shares.

Álvaro Sáez Ferrer

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Álvaro Sáez Ferrer

Redactor

Economista por ICADE y una de las pocas personas que disfruta leyendo la ley de presupuestos. Cafetero, padre a tiempo completo y azote de la letra pequeña; en Iber Empresa escribe de economía y fiscalidad.