Morningstar raises fair value for Credit Agricole stock to EUR 21.00

Published on 10/27/2026 at 15:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morningstar sees growth above the 3.50 percent floor through 2028. Credit Agricole stock costs EUR 15.25 on October 27, 2026, 27.38 percent below fair value.

Morningstar lifts its fair value view

Morningstar raised its fair value estimate for Credit Agricole from EUR 15.00 to EUR 21.00 on October 8, 2026.
The analyst expects growth above management's 3.50 percent revenue floor through 2028 but sees higher future loan losses.
Credit Agricole was trading at EUR 15.25 at Lang & Schwarz on October 27, 2026, leaving the price 27.38 percent below the fair value.

Credit Agricole, FR0000045072, Illustration mit AI erstellt.

Credit Agricole (ISIN FR0000045072) has a EUR 21.00 fair value estimate after Morningstar raised its valuation from EUR 15.00 on October 8, 2026. The move gives the analyst view a more constructive valuation angle than the bank's current quotation, but the report also identifies credit costs as a constraint.

Fair value rises to EUR 21.00

Morningstar says second-quarter 2026 revenue increased 8.00 percent from the prior year, while customer loans grew 7.00 percent over the same period. Tangible return on equity reached 14.00 percent in the first half of 2026, supporting the higher fair value estimate.

The valuation case rests on growth that could exceed management's 3.50 percent minimum revenue-growth objective through 2028. That is the new analytical distinction for investors: the upside case depends on operating momentum continuing beyond the latest reporting period rather than on a single quarterly number.

Credit losses temper the upside

The same Morningstar report assumes loan losses of 50 basis points of credit volume by 2030, compared with 38 basis points currently and 40 basis points in management's plan. It also expects 2028 net income of EUR 8.20 billion, below the EUR 8.50 billion objective cited in the analysis.

This creates a clear counterweight to the valuation increase. Stronger volumes and profitability support the EUR 21.00 estimate, while higher credit-loss assumptions limit how much of that potential can be treated as operating certainty.

Price remains below fair value

Credit Agricole was trading at EUR 15.25 at Lang & Schwarz on October 27, 2026, at 3:42 p.m. CEST. At that level, the stock stood 27.38 percent below Morningstar's EUR 21.00 fair value estimate, calculated in the same currency.

The further course of trading is shown by the continuously updated real-time quote of Credit Agricole stock.