Strong EPS Growth to Drive Linde plc (LIN) in 2026, Supports UBS Bullish Stance

Core Viewpoint - Linde plc is recognized as one of the top commodity stocks to invest in currently, with a bullish outlook supported by strong EPS growth projections and strategic business developments [1][2]. Financial Performance - Linde plc reported Q3 2025 adjusted EPS of $4.21, reflecting a 7% year-over-year increase [2]. - The company achieved 3% year-over-year revenue growth, totaling $8.6 billion for the quarter [2]. - Free cash flow generated was $1.7 billion, attributed to 2% price increases and efficient capital deployment [2]. - Operating cash flow increased by 8%, demonstrating resilience in base volumes despite softness in European markets [2]. Analyst Insights - UBS analyst Joshua Spector upgraded Linde plc from "Neutral" to "Buy," setting a price target of $500, down from $507, indicating an attractive risk/reward profile [2]. - Adjusted EPS growth is anticipated to accelerate from 6% to approximately 9%-10% in 2026, driven by new project startups and a robust $7 billion backlog [2]. - The stock is viewed as having an "attractive 2.5x up/downside skew," suggesting significant potential for price movement [2]. Market Dynamics - Recovery in helium and rare gas pricing, along with the easing of weaker European volumes, is expected to contribute to future growth [2]. - Linde plc has invested $4.2 billion in its business while returning $5.3 billion to shareholders, indicating a strong commitment to shareholder value [2].