Neste Corporation, the Energy sector company, was revisited by a Wall Street analyst today. Analyst Michele Della Vigna from Goldman Sachs upgraded the rating on the stock to a Buy and gave it a €24.00 price target.
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Michele Della Vigna has given his Buy rating due to a combination of factors linked to pricing, regulation, and margins in Neste’s renewable products business. He expects that the sharp increase in renewable diesel (RD) and sustainable aviation fuel (SAF) spot prices seen in the fourth quarter of 2025 will strengthen Neste’s bargaining position in renegotiating 2026 term contracts. In his view, this pricing tailwind, combined with favorable contractual dynamics, should enable the company to secure higher year-on-year premiums on its renewable fuel sales.
Michele Della Vigna’s rating is based on a constructive outlook for the regulatory environment as well, particularly following Germany’s approval of the RED3 framework and a more supportive stance toward biofuels across the broader EU. These developments underpin his decision to lift Neste’s 2026–2027 renewable segment margin assumptions, placing his forecasts materially above market consensus. The combination of improved pricing, more supportive regulation, and higher projected profitability leads him to conclude that the shares offer attractive upside potential, justifying the upgrade to Buy.
In another report released on January 8, Jefferies also maintained a Buy rating on the stock with a €22.00 price target.