Vopak price target raised by KBC Securities

KBC Securities has raised its price target for Vopak from 56.00 to 64.00 euros while maintaining a buy recommendation. Analyst Kristof Samoy cited the company’s operational resilience and recent investment decisions as key drivers for the upgrade.

Vopak has maintained a stable occupancy rate of 91 percent during the first and second quarters of 2026 and has upwardly revised its full-year forecast. The company is also expanding into battery energy storage systems (BESS), having invested over 370 million euros in the segment following the acquisition of Green Energy Storage. Samoy noted that BESS projects offer lower development costs and shorter lead times compared to gas terminals.