Prysmian wins fresh analyst support after Q2 - 31 Jul 2026

As of July 31, today’s news is dominated by positive developments for Prysmian, particularly following upgrades from analysts, alongside broader trends in the tech sector and energy markets. Prysmian is benefiting from positive analyst commentary following its record second-quarter results. The company’s solid outlook prompted Kepler to upgrade Prysmian from “Hold” to “Buy”, while slightly raising its target price to 144 euros from 142 euros. Intermonte increased its target price to 120 euros from 116 euros, maintaining a “Neutral” rating. Citi reiterated its “Buy” recommendation and confirmed a target price of 145 euros. Meanwhile, Deutsche Bank highlighted a solid performance in Prysmian’s Digital Solutions segment, driven by increasing fiber optic prices and strong demand from data center clients, which significantly bolstered margins. Turning to market updates, global stocks are seeing an upward trend, mediated by encouraging earnings from major tech companies like Amazon and Microsoft, which have reignited interest in AI investments. The Nikkei index surged by 4.03%, buoyed by substantial gains in leading chipmaker shares, following positive financial disclosures and buy signals from companies like OpenAI and Amazon. In contrast, high-profile earnings misses, such as that of ExxonMobil, underscore the volatile dynamics within the energy sector. In broader economic scenarios, Europe faces unprecedented challenges, with a surge in summer power prices to levels typically associated with winter peaks due to ongoing heatwaves. This phenomenon is exacerbated by decreased outputs from nuclear and gas power plants. Industry analysts believe that the impacts of climate change, including extreme weather events, will perpetuate this energy volatility, complicating Europe's transition to more sustainable energy sources. Meanwhile, geopolitical issues continue to contextualize market movements, such as the French government selling a part of its stake in telecom operator Orange but retaining its status as the largest shareholder, reflecting competitive shifts in the telecom market.