Hermès International stock trades at EUR 1,355.50 after target cuts

Published on 09/25/2026 at 11:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hermès International stock was trading at EUR 1,355.50 on September 25, 2026. First-half revenue rose 1.6 percent, while Oddo BHF cut its target to EUR 1,470.

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Hermès International stock (ISIN FR0000052292) was trading at EUR 1,355.50 on Euronext Paris on September 25, 2026, up EUR 1.00 or 0.07 percent from the previous close. The latest analyst revisions leave the luxury group facing a lower valuation bar even as first-half sales continued to grow.

Analysts lower their targets

According to MarketScreener on September 21, 2026, Oddo BHF reduced its price target from EUR 1,627 to EUR 1,470 and kept a Neutral rating. The target cut amounts to EUR 157, or 9.6 percent, and reflects a more measured medium-term growth assumption.

MarketScreener reported on September 22, 2026, that RBC also maintained a Neutral rating while lowering its target from EUR 1,700 to EUR 1,600. At EUR 1,355.50, that target stands EUR 244.50 higher, a gap of 18.0 percent.

Revenue grows despite currency pressure

Hermès reported EUR 8.163 billion in first-half 2026 revenue, compared with EUR 8.034 billion in the first half of 2025. According to 6ix News, that equals growth of 1.6 percent at current exchange rates and 6.1 percent at constant exchange rates.

The same report put recurring operating income at EUR 3.4 billion and the recurring operating margin at 41.0 percent for the first half. The contrast is important: operating performance remains highly profitable, while currency effects and slower luxury demand have pushed analysts to reduce their growth assumptions.

Third-quarter date is set

Hermès has scheduled publication of its third-quarter 2026 revenue for October 22, 2026, at 8:00 a.m. CEST, according to the company's financial calendar. The next report will show whether the sales trend can maintain the 6.1 percent constant-currency growth rate recorded in the first half.

Hermès International stock had a 52-week range of EUR 1,298.50 to EUR 2,300.00 on September 25, 2026. Its market capitalization stood at EUR 141,977,679,338, while the session volume was 6,185 shares.