Analysts and estimates

Analyst Recommendations and Target Price

Below you can find the list of analysts from banks and investment houses that publish studies on EDP share.

Broker	Analyst	Price Target	Recommendation	Date
Kepler Cheuvreux	Jose Porta	5.10	Buy	19/02/2026
JB Capital	Pablo Cuadrado	4.70	Buy	11/02/2026
JP Morgan	Javier Garrido	4.70	Neutral	10/02/2026
Jefferies	Zach Ho	4.20	Hold	27/01/2026
Berenberg	Andrew Fisher	4.70	Buy	21/01/2026
Caixabank BPI	Pedro Alves	5.10	Buy	20/01/2026
Deutsche Bank	Olly Jeffery	4.20	Hold	19/01/2026
Morgan Stanley	Arthur Sitbon	4.10	Equalweight	19/01/2026
UBS	Gonzalo Sanchez Bordona	4.85	Buy	08/01/2026
HSBC	Meike Becker	4.70	Buy	11/12/2025
Bernstein	Jorge Alonso	4.60	Outperform	11/12/2025
Bank of America	Alexandre Roncier	4.00	Neutral	11/11/2025
RBC	Fernando Garcia	5.00	Outperform	10/11/2025
Exane BNP	Manuel Palomo	4.80	Outperform	07/11/2025
Mediobanca	Enrico Bartoli	4.40	Neutral	07/11/2025
Bestinver	Daniel Rodriguez	4.65	Hold	28/10/2025
Barclays	Peter Crampton	4.50	Neutral	15/10/2025
Santander	Bosco Muguiro	4.50	Outperform	24/06/2025
Caixa BI	Carlos Jesus	3.70	Buy	12/05/2025
ODDO BHF	Philippe Ourpatian	5.95	Outperform	13/03/2025

The present consensus is computed based on the information received from the financial analysts who regularly publish opinions on the performance of EDP, S.A. share in the stock market and have updated estimates and forecasts for EDP performance since Capital Markets Day, presented on November 6th, 2025.

Any estimates or forecasts related to the performance of EDP made by analysts (and consequently the result of the consensus) are from their entire responsibility and do not reflect EDP’s opinions or the opinion of its board of directors. EDP cannot be taken responsible for the accuracy of those estimates and does not assume any obligation to update them if it is not informed of the changes.

Detailed Consensus - EBITDA	2025E	2026E	2027E	2028E
Average	4,923	5,007	5,090	5,225
Median	4,924	5,016	5,089	5,222
High	4,989	5,086	5,199	5,383
Low	4,836	4,856	4,907	5,137
Number of estimates	16	16	16	15

Detailed Consensus - Net Profit	2025E	2026E	2027E	2028E
Average	1,238	1,250	1,268	1,326
Median	1,235	1,240	1,258	1,325
High	1,285	1,323	1,365	1,366
Low	1,203	1,163	1,201	1,259
Number of estimates	16	16	16	15

Detailed Consensus - Net Financial Debt	2025E	2026E	2027E	2028E
Average	15,938	15,828	15,570	15,379
Median	15,949	15,806	15,552	15,264
High	16,312	16,475	16,351	16,925
Low	15,321	15,235	15,041	14,202
Number of estimates	16	16	16	15

Detailed Consensus - EPS	2025E	2026E	2027E	2028E
Average	0.29	0.30	0.30	0.31
Median	0.29	0.30	0.30	0.31
High	0.31	0.32	0.33	0.33
Low	0.28	0.28	0.28	0.28
Number of estimates	16	16	16	15

Detailed Consensus - DPS	2025E	2026E	2027E	2028E
Average	0.20	0.20	0.21	0.21
Median	0.20	0.20	0.21	0.21
High	0.21	0.21	0.22	0.23
Low	0.20	0.20	0.20	0.20
Number of estimates	16	16	16	15

Notes:

The consensus was based on estimates of the following entities: Berenberg, Bernstein, Bank of America, CaixaBank BPI, Deutsche Bank, Exane BNP, Goldman Sachs, HSBC, JB Capital, Jefferies, JP Morgan, Kepler Cheuvrex, Morgan Stanley, Mediobanca, RBC and UBS

Updated as of February 24^th, 2026

1. 16 contributors from 2025-2027 and 15 from 2028 ( Mediobanca not included)

Analysts and estimates