Leonardo stock forecast: Indra cyber defence MoU in focus
Leonardo is listed on Euronext Milan and operates across aerospace, defence and security, supplying aircraft, helicopters, electronics and cyber systems to government and commercial customers. Explore third-party LDO price targets and technical analysis.
Leonardo S.p.A. (LDO) is quoted at €58.14 as of 10:32am on 23 February 2026 (UTC), trading at the lower end of its intraday range between €58.14 and €59.66. Past performance is not a reliable indicator of future results.
Recent trading has developed against a series of defence and security announcements. These include Leonardo’s memorandum of understanding with Indra Group to strengthen cooperation in cyber defence and expand their presence across Europe, NATO and other markets (Leonardo, 18 February 2026). The company has also announced agreements to supply C-27J maritime patrol aircraft to Saudi Arabia’s Ministry of Defence, alongside UK government investment plans linked to Leonardo’s radar capabilities for the Royal Air Force’s Typhoon fleet (Leonardo, 22 January 2026).
Leonardo stock forecast 2026–2030: Third-party price targets
As of 23 February 2026, third-party Leonardo stock predictions show a cluster of views, depending on individual assumptions and methodologies. These third-party figures are indicative only, may differ from Capital.com pricing, and do not constitute investment advice.
Fintel (consensus snapshot)
Fintel’s LDO stock forecast page shows an average 12-month price target of €60.51, based on individual estimates ranging from €48.88 to €74.55. The platform also reflects a consensus ‘Hold’-type stance derived from recent recommendation data. According to Fintel, these targets represent analysts’ assessments of fair value relative to projected earnings, margin trends and capital allocation across European defence names, rather than any assurance of future performance (Fintel, 18 February 2026).
Simply Wall St (valuation article)
Simply Wall St discusses Leonardo’s valuation following its Asia expansion and references an analyst price target of around €59.48, noting that the shares were trading close to that level at the time. The article states that this target reflects assumptions about incremental growth from new markets and execution on the existing order book, set against recent share price performance (Simply Wall St, 15 February 2026).
Seeking Alpha (individual analyst view)
Seeking Alpha outlines an individual analyst’s 12-month target of €25 per share for Leonardo, maintained alongside a neutral ‘Hold’ stance after a prolonged share price advance. The author highlights valuation concerns, arguing that the lower target relative to the prevailing market price reflects caution over how much of the earnings recovery, order momentum and defence spending backdrop may already be reflected in the valuation, given uncertainty around the cycle and interest-rate path (Seeking Alpha, 11 February 2026).
ValueInvesting.io (target range summary)
ValueInvesting.io indicates an average 12-month price target of €54.13. Published analyst forecasts on the platform range from €48.88 at the low end to €63 at the high end, with an overall ‘Hold’ consensus across 19 contributors. The site states that these figures aggregate multiple broker models and remain sensitive to changes in earnings projections, sector sentiment and macroeconomic assumptions (ValueInvesting.io, 19 February 2026).
Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.
LDO stock price: Technical overview
The LDO stock price trades around €58.14 as of 10:32am on 23 February 2026 (UTC), holding above a cluster of key simple moving averages. The 20-, 50-, 100- and 200-day moving averages sit near €56, €54, €52 and €51 respectively. The 14-day relative strength index (RSI) stands close to 60, placing it in an upper-neutral range, while the average directional index (ADX) near 19 indicates that trend strength remains moderate rather than firmly established.
On the upside, the nearest classic resistance level appears around €61.80 (R1). A sustained daily close above this area could bring €67.30 (R2) into focus. On pullbacks, the classic pivot near €55.50 may act as initial support, followed by the 100-day simple moving average near €52. A clear move below this zone would expose the €50 area closer to S1 (TradingView, 23 February 2026).
This technical analysis is provided for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
Leonardo share price history (2024–2026)
LDO’s stock price has undergone a marked re-rating over the past two years, rising from around €20 in February 2024 to the mid-€50s to €60 area by early 2026. The stock closed at approximately €19.97 on 26 February 2024, then moved gradually higher through the spring and summer, trading mostly in the low- to mid-€20s before finishing 2024 near €25–€26.
Momentum accelerated during 2025. The share price closed at €38.60 on 28 February 2025 and later traded into the high-€40s and low-€50s by the autumn. Leonardo ended 2025 at €49.23 on 30 December and continued higher into 2026, closing at €51.46 on 2 January and reaching €58.30 on 23 February 2026. This leaves the stock well above its levels of one and two years earlier, although past performance is not a reliable indicator of future results.
Past performance is not a reliable indicator of future results.
Leonardo (LDO): Capital.com analyst view
Leonardo’s share price has staged a multi-year recovery, moving from the low-€20s in early 2024 to the high-€50s by February 2026. Market participants often attribute this move to sector sentiment towards defence and aerospace names, progress against a sizeable order book, and periodic shifts in investor allocation towards European industrial and security themes.
However, price advances have included periods of consolidation and pullback, illustrating how valuations can adjust when expectations around earnings, government budgets or geopolitical developments change.
Looking ahead, traders may continue to monitor defence spending trends, contract execution, margin development and cash flow generation. Broader macroeconomic factors – including interest-rate expectations, inflation trends and overall risk appetite – may also influence price behaviour. A supportive funding environment and stable policy outlook could coincide with firmer sentiment, while weaker-than-expected financial metrics or shifts in fiscal priorities could weigh on the shares.
Capital.com’s client sentiment for Leonardo CFDs
As of 23 February 2026, Capital.com client positioning in Leonardo CFDs shows buyers at 96.6% and sellers at 3.4%, indicating a pronounced net-long bias among clients at the time of writing. This figure reflects open positions on the Capital.com platform and can change.
Summary – Leonardo 2026
- As of 10:32am UTC on 23 February 2026, Leonardo trades near €58.14, significantly above levels seen in early 2024.
- Technical indicators show the price holding above clustered daily moving averages, with an upper-neutral RSI and moderate trend strength. This configuration leaves room for both continuation and consolidation scenarios, depending on how price reacts around nearby support and resistance levels.
- Key factors that market participants monitor include European defence spending trends, order intake and execution, margin performance, and broader macroeconomic conditions such as interest-rate expectations and overall risk appetite.
- Recent coverage has highlighted defence and cyber partnerships, potential international contracts and upcoming FY 2025 results. As with all equities, outcomes relative to expectations may influence volatility and sentiment in either direction.
Past performance is not a reliable indicator of future results.
FAQ
Who owns the most Leonardo stock?
Leonardo is a publicly listed company on Euronext Milan, and its shareholder base includes institutional investors, asset managers as well as retail shareholders. A significant stake is held by the Italian Ministry of Economy and Finance, reflecting the company’s strategic role in aerospace, defence and security. Ownership levels can change over time due to market transactions, so you should consult the latest regulatory filings and shareholder disclosures for up-to-date information.
What is the 5 year Leonardo share price forecast?
There is no single agreed five-year LDO stock forecast. Most publicly available analyst estimates focus on a 12-month horizon, with targets reflecting assumptions about earnings growth, order intake, defence spending and broader macroeconomic conditions. Longer-term projections carry a high degree of uncertainty, as they depend on variables such as government budgets, contract execution and economic cycles. Any extended forecast should therefore be viewed as indicative rather than predictive.
Is Leonardo a good stock to buy?
Whether Leonardo is considered ‘good’ depends on your objectives, risk tolerance and investment horizon. The company operates in sectors that may benefit from defence spending and long-term contracts, but its share price can also respond to budget changes, geopolitical developments and earnings performance. As with all equities, Leonardo carries market risk, including the risk of capital loss. This information is for educational purposes only and does not constitute investment advice.
Could Leonardo stock go up or down?
Leonardo’s share price can move in either direction, sometimes over short periods. Factors such as contract awards, earnings results, margin trends, defence spending policies and wider macroeconomic conditions may influence price movements. Technical indicators and market positioning can also affect short-term volatility. However, no model or forecast can guarantee a particular outcome, and past performance does not reliably indicate future results.
Should I invest in Leonardo stock?
The decision to invest in Leonardo shares depends on your personal financial circumstances, objectives and appetite for risk. Shares can provide exposure to the aerospace and defence sector, but they also involve the risk of losses if the market moves against your position. You may wish to conduct your own research and, where appropriate, seek independent financial advice before making any investment decision.
Can I trade Leonardo CFDs on Capital.com?
Yes, you can trade Leonardo 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.