Saipem stock forecast: Third-party price targets
Saipem is an Italy-based engineering and construction company listed on Euronext Milan, providing offshore, onshore and subsea services to the global energy and infrastructure sectors, with its shares actively traded by investors. Explore third-party SPM price targets and technical analysis.
Saipem S.p.A. (SPM) is trading around €2.65 in early European dealings on 20 January 2026, within an intraday range of €2.64–€2.70, on Capital.com’s platform as of 9:46am UTC, with prices hovering close to recent levels seen on Euronext Milan, where the stock last traded at about €2.68 on 19 January 2026. Past performance is not a reliable indicator of future results.
The stock is trading amid a flow of company-specific updates, including a letter of intent signed by Next Geosolutions’ subsidiary Rana Subsea for SAT diving services in the Middle East with an estimated base value of about $150 million (MarketScreener, 15 January 2026), alongside Saipem’s announcement of its 2026 corporate events calendar (Saipem, 9 January 2026) and the planned resignation of non-executive and independent board director Roberto Diacetti, effective after the March 2026 board meeting on 2025 results (MarketScreener, 16 January 2026).
Saipem stock forecast 2026–2030: Third-party price targets
As of 20 January 2026, third-party Saipem stock predictions cluster around the low- to mid-€3 area over a 12-month horizon, with upside and downside scenarios reflecting different modelling assumptions. These projections relate to Saipem’s primary Euronext Milan listing and should be viewed as illustrative rather than assured outcomes.
TradingView (aggregated one-year target)
TradingView reports that the 17 analysts it tracks assign Saipem a 12-month price target of around €3.07, with individual estimates ranging from €2 to €3.54. The service highlights this spread amid differing views on execution, earnings momentum, and sector conditions (TradingView, 20 January 2026).
Investing.com (consensus target)
Investing.com reports an average 12-month SPM stock forecast of about €3.13, with a high estimate of €3.54 and a low of €2 based on projections from 18 analysts. The platform notes that this range reflects varying assumptions on Saipem’s earnings trajectory, leverage and broader sector conditions (Investing.com, 20 January 2026).
TipRanks (Wall Street 12-month view)
TipRanks shows that four Wall Street analysts assign Saipem an average 12-month price target of about €3.08, with a high forecast of €3.50 and a low of €2.75. The service links this spread to differing expectations for order intake, margin improvement and execution across the project backlog as offshore and energy-transition activities develop (TipRanks, 20 January 2026).
Past performance is not a reliable indicator of future results; projections and analyst targets are inherently uncertain and may not be accurate, as they can change without notice in response to new information and market conditions.
SPM stock price: Technical overview
The SPM stock price is trading around €2.65 as of 9:46am UTC on 20 January 2026, holding above its short- and medium-term moving-average cluster, with the 20/50/100/200-day SMAs near 2.54 / 2.41 / 2.40 / 2.31. The 20-over-50 alignment remains in place, while the 14-day RSI around 60.8 sits in the upper-neutral band and the ADX near 29 points to an established trend rather than a range-bound market.
On the topside, the nearest classic resistance sits around R1 at 2.51, with R2 at 2.60 coming into view on a sustained daily close above that initial pivot zone. On pullbacks, the classic pivot near 2.40 marks initial support, with the 100-day SMA around 2.40 and the 200-day SMA close to 2.31 forming a broader moving-average shelf. A clear break below S1 near 2.31 could open the way toward the lower 2.20s (TradingView, 20 January 2026).
This technical analysis is provided for informational purposes only and does not constitute financial advice or a recommendation.
Saipem share price history (2024–2026)
SPM’s stock price has spent the past two years rising from penny-stock territory toward levels closer to large-cap peers, with a particularly sharp move through 2024 into early 2025. The stock closed at about €1.26 on 12 February 2024 after a volatile start to that year, then moved through the €2 area by late February and early March as daily closes advanced from roughly €1.68 on 1 March to €2.02 by 22 March 2024. This was followed by consolidation in a broad €2–€2.40 range over subsequent months.
Momentum picked up again in 2025, with Saipem finishing 2024 near €2.51 on 30 December and trading mostly above €2.50 through January 2025, including several sessions above €2.70–€2.75 mid-month. The share later pulled back toward the €2 area in spring before gradually moving higher. By late 2025, the stock had reclaimed and extended beyond earlier highs, closing around €2.38–€2.48 through December and starting 2026 at €2.50 on 2 January. The latest reading near €2.65 on 20 January 2026 leaves the price well above levels seen in early 2024.
Past performance is not a reliable indicator of future results.
Saipem (SPM): Capital.com analyst view
Saipem’s share price over the past two years reflects a transition from recovery toward more sustained momentum, with the stock moving from below €1.50 in early 2024 to the mid-€2 range by January 2026. This period has coincided with improved operating metrics, including reported revenue of about €7.2bn and adjusted EBITDA of roughly €764m for the first half of 2025, alongside order intake of around €4.3bn across offshore and energy-transition projects. Balance-sheet developments, including a move to a pre-IFRS 16 net cash position, have also featured as investors reassess the group’s risk profile.
At the same time, Saipem’s share price remains exposed to sector-specific risks such as swings in oil and gas capital expenditure, project-execution challenges and the impact of environmental and safety requirements on costs and timelines. While an expanding backlog and energy-transition activity may support revenue visibility, any downturn in commodity prices, contract delays or shifts in policy and financing conditions could weigh on margins and investor confidence, contributing to renewed volatility.
Summary – Saipem 2026
- Saipem’s share price has trended higher over the past two years, rising from below €1.50 in early 2024 to around €2.65 by 20 January 2026 on Capital.com’s platform.
- The stock spent much of 2025 within a broad €2–€2.70 range, with several moves above €2.70 early in the year before consolidating around the mid-€2 area into year-end.
- Technical indicators show price holding above a rising cluster of medium- and long-term daily moving averages, with the 20/50/100/200-day SMAs near 2.54 / 2.41 / 2.40 / 2.31 and the 14-day RSI in upper-neutral territory around 60.8.
- Recent Saipem-related news has included new contract activity and partnership agreements, alongside updates to its 2026 corporate events calendar and changes in board composition.
- As an oilfield services and engineering group, Saipem’s share price remains sensitive to energy-sector investment trends, project execution and broader macroeconomic and policy conditions, which can influence the stock in either direction.
Past performance is not a reliable indicator of future results.
FAQ
Who owns the most Saipem stock?
Saipem’s shareholding structure includes a mix of institutional investors and strategic stakeholders. Historically, Italian state-linked entities have held significant positions, alongside large domestic and international asset managers. Ownership levels can change over time due to portfolio rebalancing, capital market activity or corporate actions. For the most up-to-date breakdown of major shareholders, traders and investors typically refer to regulatory filings and disclosures published by Saipem and the relevant stock exchange.
What is the five-year Saipem share price forecast?
There is no reliable or agreed five-year SPM stock forecast. Most third-party analyst projections focus on shorter horizons, commonly around 12 months, reflecting the uncertainty involved in longer-term modelling. Over multi-year periods, Saipem’s share price may be influenced by a range of factors, including energy-sector investment cycles, project execution, balance-sheet developments and broader macroeconomic conditions. Longer-dated forecasts should therefore be viewed as highly speculative scenarios rather than precise expectations.
Is Saipem a good stock to buy?
Whether Saipem is considered attractive depends on individual objectives, risk tolerance and market expectations. Analysts often highlight factors such as backlog visibility, operational delivery and sector exposure, while also noting execution risk and sensitivity to energy-market conditions. This article does not assess suitability or recommend any action. Traders typically weigh both potential opportunities and risks, using third-party research alongside their own analysis before making any trading or investment decisions.
Could Saipem stock go up or down?
Saipem’s share price can move in either direction and remains sensitive to a range of factors. These include changes in oil and gas capital expenditure, progress on large engineering projects, shifts in commodity prices and broader market sentiment. Company-specific developments, such as contract announcements or financial updates, can also influence short- and medium-term price movements. As with all equities, price fluctuations are uncertain and can occur quickly in response to new information.
Should I invest in Saipem stock?
This article does not provide investment advice or recommendations. Deciding whether to invest in Saipem involves assessing personal financial circumstances, time horizon and tolerance for risk, as well as understanding the potential for both gains and losses. Share prices can be volatile, and past performance is not a reliable indicator of future results. Many investors choose to consult independent research or a regulated financial adviser before making investment decisions.
Can I trade Saipem CFDs on Capital.com?
Yes, you can trade Saipem CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.