Goldman Sachs sets EUR 500.00 target for LVMH Moët Hennessy Louis Vuitton stock

LVMH Moët Hennessy Louis Vuitton (ISIN FR0000121014) was trading at EUR 384.93 at Lang & Schwarz on October 6, 2026 at 1:17 p.m. CEST, up 0.15 percent from the EUR 384.35 prior close. The latest analyst signal came from Goldman Sachs, which initiated coverage with a Buy rating and a EUR 500.00 price target in a research note dated October 4, 2026, as reported by Finanznachrichten.

Goldman Sachs sees EUR 500.00

The target stands 29.01 percent above the Lang & Schwarz price, calculated against EUR 384.93. Goldman Sachs expects a return to organic growth in 2027, with the leather-goods business identified as the main recovery lever, according to Finanznachrichten on October 5, 2026.

The bullish target meets a business picture that is improving on an organic basis but still exposed to currency effects. In the first half of 2026, group revenue reached EUR 38.60 billion, up 2.00 percent organically but down 3.00 percent on a reported basis, according to the LVMH earnings-call transcript published by Yahoo Finance for the July 27, 2026 call.

Luxury recovery remains uneven

The first-half operating margin was 22.50 percent and profit from recurring operations reached EUR 8.70 billion. Fashion and Leather Goods revenue fell 1.00 percent organically in the first half, although the division returned to 1.00 percent organic growth in the second quarter, while Watches and Jewelry revenue rose 9.00 percent organically in the first half, the transcript shows.

That split matters because LVMH remains dependent on its largest fashion brands and Asian demand. Reuters Breakingviews reported on October 6, 2026 that 35.00 percent of LVMH revenue in 2025 came from Asia excluding Japan, compared with 18.00 percent from the United States, while Fashion and Leather Goods generated the largest share of recurring operating profit. The figures make the recovery thesis more sensitive to Chinese demand than the headline group growth rate suggests.

LVMH stock stays below yearly high

LVMH stock had a market capitalization of EUR 189.6 billion as of October 6, 2026, with a 52-week range of EUR 376.00 to EUR 654.70. The current price is 41.20 percent below the 52-week high, leaving the Goldman Sachs target dependent on a recovery that must extend beyond one quarter.

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