Jefferies upgrade boosts Prysmian (PRY) price target to €117
An analyst upgrade from Jefferies propelled Prysmian to close the session on May 13, 2026, up 3.2%, with the stock reaching €153.50. The performance interrupted recent volatility, rekindling investor interest in the Italian company.
Jefferies raised its price target for Prysmian from €104 to €117, maintaining its buy recommendation. This revision followed a period of uncertainty for the stock, after the publication of its 2025 results, when fourth-quarter adjusted EBITDA had come in slightly below market expectations.
Today's rise, which saw the stock climb from a previous close of €148.80, also reflected a favourable context for the European equity market. The FTSE MIB gained 2.5%, and a recovery in confidence in Italian industrial equities was observed, following recent profit-taking that had characterised previous sessions.
How a Shift in Analyst Perspective Moves Prysmian
Prysmian is an Italian industrial company operating in a fundamental sector for modern infrastructure, producing cables and systems for energy and telecommunications. Its business consists of providing the arteries that transport electricity and data, serving a wide range of clients, from utility companies to telecommunication network operators, as well as the construction and transport sectors. Its revenue-generating capacity is closely linked to the global demand for connectivity and electrification, essential elements for economic growth and technological development.
The movement of Prysmian's share price on Wednesday, 13 May 2026, was primarily triggered by an update from Jefferies analysts. They revised their price target for the stock upwards, raising it from €104 to €117, while maintaining their "buy" recommendation. A "price target" represents analysts' estimate of a stock's intrinsic value, based on financial models and future projections. When such an estimate is raised, it signals to the market greater confidence in the company's future prospects, which in this case follows a period of uncertainty linked to the 2025 results, when the fourth-quarter adjusted EBITDA was slightly below expectations.
This positive revision had an immediate impact on Prysmian's market value, which closed the session with a rise of 3.2%, bringing the share price to €153.50, compared to the previous close of €148.80. This increase reflects investors' reaction to the indication of greater growth potential than previously estimated.
Imagine you are at an auction for a valuable item and an expert appraiser, after carefully examining the item and its potential, raises their public valuation. Even though the item was already considered precious, the expert's new judgement not only validates its worth but also suggests that its potential for appreciation is greater than previously thought, prompting buyers to offer more.
Prysmian
Prysmian S.p.A. (PRY) is a global manufacturer and distributor of cables and systems, alongside associated accessories, catering to the energy and telecommunications sectors. Its operations are organised into three distinct segments: Projects, Energy, and Telecom. The Projects division focuses on designing, producing, and installing high and extra high voltage cables for electricity transmission, including terrestrial and submarine applications, as well as data transmission and umbilical cables for oil well management. The Energy segment encompasses trade and installer products, power distribution, overhead transmission lines, and industrial network components for diverse industries such as oil and gas, automotive, and renewable energy. The Telecom segment manufactures cable systems and connectivity products, including optical fibre, optical cables, and copper cables for telecommunication networks. Prysmian S.p.A. was founded in 1879 and is headquartered in Milan, Italy.