Goldman assigns IMCD stock a EUR 133 target in October list

Published on 10/09/2026 at 12:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman sees a 27.00 percent EBITA margin for IMCD in 2027. IMCD stock costs EUR 100.10 on October 9, 2026 after EUR 98.60, plus 1.52 percent.

Key points in brief

Goldman Sachs assigned IMCD a EUR 133.00 12-month price target on October 2, 2026.
First-half 2026 revenue reached EUR 2.65 billion, up 6.60 percent year over year.
IMCD was trading at EUR 100.10 at Lang & Schwarz on October 9, 2026, plus 1.52 percent versus EUR 98.60.
The company lists November 5, 2026, for its first nine months 2026 results.

Isometrische 3D-Illustration einer Lieferkette mit Lagerhallen, Schiffen, Lastwagen und Chemieanlagen — Isometrische 3D-Grafik der Wertschöpfungskette illustriert Logistikprozess von IMCD N.V., ISIN NL0010801007, schematisch dargestellt, Illustration mit AI erstellt.

IMCD (ISIN NL0010801007) was trading at EUR 100.10 at Lang & Schwarz on October 9, 2026 at 12:27 p.m. CEST, up 1.52 percent versus the prior close of EUR 98.60. On October 2, 2026, CNBC reported that Goldman Sachs added IMCD to its European Conviction List and assigned the stock a EUR 133.00 12-month price target.

Three milestones shape the setup

Simply Wall St reported that first-half 2026 earnings released on July 31, 2026, included revenue of EUR 2.65 billion, up 6.60 percent from first-half 2025, and earnings per share of EUR 2.41 versus EUR 2.20. On September 16, 2026, Trading-Treff reported that IMCD had agreed to acquire Merit Solution in Thailand, a distributor with annual revenue of EUR 10.70 million.

What does EUR 133 imply?

Goldman's target stands 32.87 percent above the Lang & Schwarz price, calculated from EUR 133.00 and EUR 100.10. The comparison is substantial because the stock is also 20.90 percent below its 52-week high of EUR 126.55, while the 52-week low is EUR 68.14 as of October 9, 2026.

The earnings picture provides the operating counterweight to the valuation case. First-half 2026 net income reached EUR 142.30 million, up 9.70 percent from first-half 2025, while the profit margin increased to 5.40 percent from 5.20 percent, according to Simply Wall St. Goldman also expects IMCD's EBITA margin to rise from 10.40 percent in 2025 to 27.00 percent in 2027, according to CNBC.

Next dates are already scheduled

IMCD's investor-relations calendar lists November 5, 2026, for publication of first nine months 2026 results and February 19, 2027, for full-year 2026 results, according to IMCD. Those dates give the market two scheduled checkpoints for testing whether the first-half recovery and margin thesis are continuing.

IMCD stock remains below its yearly high

At EUR 100.10, IMCD stock was 1.52 percent above the EUR 98.60 prior close at Lang & Schwarz on October 9, 2026. The price remained below its EUR 126.55 52-week high, leaving the upcoming November results as the next dated operating checkpoint. The further course of trading is shown by the continuously updated real-time quote of IMCD stock.