Brunello Cucinelli, Deutsche Bank starts coverage with buy rating and upbeat EPS view

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-27, 12:31.

Brunello Cucinelli (IT0004764699) is back on the radar of major European banks. Deutsche Bank has initiated coverage with a buy rating and a 96.80 euro price target, according to an Investing.com summary citing the new note and recent sector commentary from Milan.

What Deutsche Bank expects

Deutsche Bank analyst Do-Hyun Yoo projects that Brunello Cucinelli can deliver an average earnings-per-share CAGR of about 15 percent between 2025 and 2028, setting the 96.80 euro target against a last close of 81.14 euros in Milan. Investing.com summarizes the Deutsche Bank initiation.

In the note, Deutsche Bank assumes a gradual EBIT margin expansion rather than a step change, arguing that the company is already operating with a relatively mature cost structure in the global luxury segment. The bank highlights the balance between direct retail exposure and wholesale partners as a key support for mid-teens EPS growth over several years.

Bernstein previews first-half earnings

Alongside Deutsche Bank, Bernstein stays constructive on Brunello Cucinelli and rates the stock outperform with a 108 euro target, according to the same market report. Bernstein expects first-half 2026 results on July 30 and points to management’s ambition for more than 10 percent second-quarter growth at constant exchange rates. The Bernstein preview is cited in the Investing.com piece.

Bernstein sees profitability improving by around 20 to 30 basis points this year, driven by gross margin gains and operating leverage from higher sales per store. The house expects mid-teens retail growth, with wholesale revenues described as flat to slightly positive in the current quarter.

How Brunello Cucinelli makes its money

Brunello Cucinelli generates most of its revenues from high-end ready-to-wear collections, led by luxury knitwear, tailored outerwear and accessories for men and women. Flagship boutiques in Europe, the US and Asia, complemented by select wholesale partners, anchor the brand’s retail-driven model.

Where the shares trade today

The Brunello Cucinelli shares (IT0004764699) last traded on Borsa Italiana in Milan at around 81 euros on 2026-06-26, according to recent exchange data, with the stock listed in the FTSE MIB luxury peer group context.

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research and consider their individual financial situation before making investment decisions.