11 Best Italian Stocks to Buy in 2026

4. UniCredit SpA (OTCMKTS:UNCFF)

UniCredit SpA (OTCMKTS:UNCFF) is among the best Italian stocks to buy in 2026. On February 10, Morgan Stanley analysts upgraded UniCredit SpA (OTCMKTS:UNCFF) stock to Overweight rating. For this action, the analysts cited the Italian bank’s 2026-28 business plan, which they noted shows a transformational strategy shift. In this plan, UniCredit targets 5% compound annual growth rate in its loans. The company also aims for cost reductions.

According to the Morgan Stanley analysts, the shift in strategy that UniCredit has outlined will enable it to deliver 15% growth in dividend per share between 2025 and 2028, 10% growth in tangible book value per share over the same period. Moreover, the analysts see UniCredit achieving €7.5 billion in excess capital by 2028. They say this would provide the bank with greater flexibility in M&A and capital returns.

UniCredit reported its 2025 results on February 9. It posted a record net profit of €10.6 billion for the year, 14% versus last year. Total revenue of €24.54 billion was largely flat from the previous year. The company’s operating costs were largely flat from the previous year even after the business expansions it carried out.

UniCredit SpA (OTCMKTS:UNCFF) is Italy’s second-largest bank. It’s headquartered in Milan and provides a broad array of financial services, including retail and corporate banking. It also offers investment banking, wealth management, and insurance.