BBVA Enhances Proposal for Competitor Sabadell with $20 Billion All-Stock Offer

Written by Emily J. Thompson, Senior Investment Analyst

BBVA-3.72%

Source: WSJ

Updated: Sep 22 2025

0mins

Source: WSJ

BBVA's Takeover Bid: BBVA has increased its hostile takeover bid for Banco de Sabadell, now valuing the target at 17.04 billion euros ($20.02 billion) entirely in stock.
Improved Exchange Ratio: The new offer includes an exchange of one BBVA share for every 4.8376 ordinary Sabadell shares, compared to the previous offer of one BBVA share and 0.70 euros for every 5.5483 Sabadell shares.

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BBVA

$25.14+Infinity%1D

Analyst Views on BBVA

Wall Street analysts forecast BBVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBVA is 23.00 USD with a low forecast of 23.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Analyst Rating

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 26.110

Low

23.00

Averages

23.00

High

23.00

Current: 26.110

Low

23.00

Averages

23.00

High

23.00

RBC Capital

Outperform -> Sector Perform

downgrade

2026-01-28

New

Reason

RBC Capital

Price Target

AI Analysis

2026-01-28

New

downgrade

Outperform -> Sector Perform

Reason

RBC Capital downgraded BBVA to Sector Perform from Outperform with a price target of EUR 19.75, up from EUR 19.25. While the bank is "best in its class across a number of metrics," further increases in the stock at current valuation levels "could be much harder to come by," the analyst tells investors in a research note. RBC views BBVA's valuation as currently "full-ish."

Citi

Buy

upgrade

2026-01-21

Reason

Citi

Price Target

2026-01-21

upgrade

Buy

Reason

Citi raised the firm's price target on BBVA to EUR 23.50 from EUR 21.50 and keeps a Buy rating on the shares.

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About BBVA

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Spain - based bank. It is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments are: Spain, the United States, Turkey, Mexico, South America and Rest of Eurasia. The activities in Spain are banking activity and Insurance. In the United States it offers services through, BBVA USA and the BBVA New York branch. The Turkey segment is represented by the group Garanti BBVA, an integrated financial services group, that also operate in Holland and Romania. The Mexico segment activities include banking and insurance businesses. In South America, it provides banking and insurance businesses. The Rest of Eurasia segment includes business activity in the rest of Europe and Asia

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.