Legrand stock: Goldman Sachs raises target for Legrand stock from EUR 156.00 to EUR 172.00

Published on 10/23/2026 at 05:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs moved Legrand to buy on October 21, 2026. Legrand stock posted EUR 5.40 billion in first-half sales and a 20.8 percent margin.

Growth and valuation markers

Goldman Sachs lifted its Legrand target from EUR 156.00 to EUR 172.00 on October 21, 2026.
Legrand reported EUR 5.40 billion in first-half 2026 sales and a 20.8 percent adjusted operating margin.
Legrand is scheduled to publish third-quarter 2026 results on November 5, 2026.

Schwarzweißfoto: Arbeiter mit Helm prüft Metallgehäuse im Lager — Legrand SA (FR0010307819) liefert Kabelkanäle, dokumentiert in schwarz-weißer journalistischer Lagerhallen-Reportage eines Arbeiters, Illustration mit AI erstellt.

Legrand (FR0010307819) became the subject of a stronger Goldman Sachs view after the bank raised its price target from EUR 156.00 to EUR 172.00 on October 21, 2026. According to Yahoo Finance, Goldman Sachs also upgraded the stock from neutral to buy. The move puts data center exposure at the center of the investment case.

Why the target changed

Goldman Sachs linked its upgrade to Legrand's position in electrical and digital infrastructure for data centers. Data centers represented 32 percent of Legrand's first-half 2026 sales, according to Yahoo Finance. The bank also cited risks including higher interest rates, construction delays and technology changes.

Legrand's own first-half release shows why the upgrade is tied to operating execution. Sales reached EUR 5.40 billion in the first half of 2026, with organic growth of 9.8 percent, acquisition-led growth of 6.9 percent and an adjusted operating margin of 20.8 percent, according to Legrand. Net profit attributable to the Group reached EUR 698.2 million for the period.

Three dated signals

The chronology shows a clear strategic progression. On September 29, 2026, Legrand presented its 2030 capital markets roadmap and upgraded sales and profitability ambitions, according to Legrand. On October 6, 2026, it announced the acquisition of Girtz Industries in the United States, adding modular power integration solutions for data centers. On October 21, 2026, Goldman Sachs raised its target to EUR 172.00 and changed its rating to buy, as Yahoo Finance reported.

What comes next for growth

The next scheduled date is November 5, 2026, when Legrand is set to publish third-quarter 2026 results, according to Zonebourse. That release should show whether the 20.8 percent first-half adjusted margin and 9.8 percent organic growth were sustained into the second half.

Market value stays in view

Legrand had a market capitalization of EUR 32.4 billion on October 22, 2026, while its 52-week range was EUR 121.95 to EUR 166.95. The valuation question is therefore tied to whether data center growth can support the higher operating ambitions and the EUR 172.00 target.

The further course of trading is shown by the continuously updated real-time quote of Legrand stock.