Morgan Stanley Cuts Innio (INIO) Price Target to $40

Morgan Stanley reiterates its Overweight rating on Innio N.V. with a revised price target of $40 on October 14, 2026, a 145.55% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:25 PM EDT

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Morgan Stanley cut its price target on Innio N.V. ($INIO) to $40 from $47 on October 14, 2026, and rates the stock "Overweight".

Since the rating, $INIO is down 1.6% to date (from the $16.50 close on Oct 14, 2026).

INIO Innio N.V.

$16.24 -42.04% past 3 months

Daily close · Oct 16, 2026

Key Points

Morgan Stanley has reiterated its Overweight rating on Innio N.V. with a new price target of $40, down from $47, as of October 14, 2026.
Morgan Stanley's $40 price target implies 145.55% upside from Innio N.V.'s ($INIO) current $16.29 share price.
The stock is currently trading around $16.29, which is about 59.3% below the new price target set by Morgan Stanley.
Innio N.V. has shown strong revenue growth of 42.2% year-over-year, with total revenue reported at approximately $3.09 billion.

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Morgan Stanley has reiterated its Overweight rating on Innio N.V. (NasdaqGS: INIO) and set a new price target of $40 on October 14, 2026. This is a decrease from the previous target of $47. The firm's latest assessment comes as Innio's shares trade at around $16.29, which is about 59.3% below the new target.

Other Institutional Activity in Innio N.V.

Advent International LP holds 334,867,308 shares of Innio, worth about $5.44 billion, having increased their stake by 167,433,654 shares. JPMorgan Chase & Co. has 12,353,527 shares valued at approximately $200.6 million, with a recent increase of 6,176,764 shares. Capital Research Global Investors owns 8,585,662 shares, worth about $139.4 million, having added 4,292,831 shares. Aspex Management (HK) Ltd has 6,851,716 shares valued at around $111.3 million, increasing their holdings by 3,425,858 shares. Price (T. Rowe) Associates Inc. also grew its position, now holding 5,894,653 shares worth about $95.7 million, after adding 2,947,326 shares.

Innio N.V. Stock Down 23.0%

Innio N.V. shares are currently trading at $16.29, significantly below the new price target of $40 set by Morgan Stanley. This suggests that the stock is undervalued according to the firm's outlook. The company is also seeing strong revenue growth, with a year-over-year increase of 42.2%, indicating solid business performance.

12-month forecast

$INIO price target

Innio N.V. daily closes and this analyst's $40 target. Not advice.

Recent Earnings

Innio N.V. reported trailing twelve-month revenue of approximately $3.09 billion and an earnings per share (EPS) of $0.03. The next earnings report is scheduled for October 27, 2026, which will provide more insights into the company's performance.

Insider Buying and Selling at Innio N.V.

On June 5, 2026, Director Lee C. Banks purchased 37,037 shares for about $999,999 at an average price of $27.00. Similarly, Director Christopher Yetman also bought 37,037 shares for approximately $999,999 at the same price on the same date. These transactions were not made under a Rule 10b5-1 plan.

Analysts Set New Price Targets

On June 29, 2026, BNP Paribas initiated coverage on Innio with an Outperform rating and a price target of $48. Morgan Stanley also initiated coverage on the same day with an Overweight rating and a target of $47. Later, RBC Capital upgraded its rating to Outperform with a target of $35 on July 30, 2026. On October 12, 2026, Citigroup maintained a Neutral rating with a target of $22. Morgan Stanley, on the same day as its reiteration, adjusted its target to $40 from $47.

About Innio N.V.

Innio N.V. provides power generation equipment and services, operating under the Jenbacher and Waukesha brands. The company focuses on designing and manufacturing engines and related solutions for various markets, including data centers and power solutions. With a workforce of about 5,467 employees, Innio is headquartered in Munich, Germany.

Bottom Line

Investors will be watching Innio's upcoming earnings report on October 27, 2026, for further insights into its performance. The recent price target revisions by analysts suggest a cautious outlook, especially given the significant gap between the current share price and the targets set by Morgan Stanley and others.