Technip Energies Cut to Neutral as Trims to EPS Outlook and New €37 Price Target Signal Limited Upside Despite Record Backlog

Goldman Sachs analyst Michele Della Vigna has maintained their neutral stance on TE stock, giving a Hold rating on April 20.

Michele Della Vigna has given his Hold rating due to a combination of factors tied to Technip Energies’ recent performance and valuation. The company has secured over €6 billion in new orders and expanded its backlog to a record level, which underpins solid medium‑term earnings potential, particularly given its strong role in global LNG projects, yet these positives are already largely priced into the stock after a period of significant outperformance.

At the same time, earnings were hit by disruptions related to Middle East tensions and adverse currency movements, and management pushed part of its Project Delivery revenues beyond 2026, adding uncertainty on timing and margin recovery. Reflecting these risks, he trimmed forward EPS estimates and now sees limited upside, with a €37 twelve‑month price target implying potential downside from current levels, supporting a more balanced, Neutral stance rather than a continued Buy.

According to TipRanks, Della Vigna is a 5-star analyst with an average return of 8.9% and a 66.57% success rate. Della Vigna covers the Energy sector, focusing on stocks such as BP p.l.c., Harbour Energy, and Tenaris SA.

In another report released on April 20, Citi also maintained a Hold rating on the stock with a €41.00 price target.