Should You Buy Eni SpA (E) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Not a good buy right now for a beginner long-term investor who wants to enter immediately. The chart is extended (RSI high and price pressing resistance after a strong run), and there is a fresh, potentially material legal headline risk (Karachaganak arbitration liability up to ~$4B). While analyst sentiment has improved overall and options positioning looks net-bullish, the near-term setup favors a pullback rather than a clean entry today. If you must act now, this is better treated as a HOLD/avoid-new-buy moment rather than an outright BUY.
Technical Analysis
Trend is bullish but stretched. Moving averages are strongly bullish (SMA_5 > SMA_20 > SMA_200), and MACD is positive with an expanding histogram (0.275), confirming upside momentum. However, RSI_6 is elevated at 75.78 (overbought/extended conditions), which often precedes short-term cooling. Price (40.87) is above the pivot (39.43) and sitting around the first resistance zone (R1 40.67) with the next resistance at R2 41.44—this is a tougher spot to chase. Nearby support levels: 39.43 (pivot) then 38.20 (S1). Pattern-based projection supplied also leans bearish over the next week/month (-2.46% / -7.88%), reinforcing that the risk/reward for a fresh entry today is not ideal.
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Analyst Ratings and Price Target Trends
Recent analyst trend is mixed but overall improving: Barclays raised PT and stayed Overweight (2025-12-12), UBS upgraded to Buy and raised PT (2025-11-25), Jefferies raised PT and reiterated Buy (2026-01-07). Offsetting this, Morgan Stanley maintained Equal Weight with a slightly lower PT (2026-01-06), and JPMorgan delivered a meaningful downgrade to Underweight with a lower PT (2025-12-05) on weaker earnings/deleveraging concerns. Wall Street pros: strong upstream/capex quality, potential returns recovery through 2028, and strategic LNG/Satellite model positives. Wall Street cons: sector-wide pressure from lower oil/gas prices and refining margin normalization, plus a potentially weakening earnings outlook and the new arbitration liability headline.
Wall Street analysts forecast E stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for E is 18.24 USD with a low forecast of 17.25 USD and a high forecast of 19.23 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.
Wall Street analysts forecast E stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for E is 18.24 USD with a low forecast of 17.25 USD and a high forecast of 19.23 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.
Current: 41.680
Current: 41.680
