Bernstein maintains EUR 38.00 target for Michelin stock
Published on 10/13/2026 at 14:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Bernstein maintained a Buy rating and a EUR 38.00 price target for Michelin on October 12, 2026, according to Markets Insider. The target lies 12.97 percent above the EUR 33.64 price at Lang & Schwarz. Michelin was trading at EUR 33.64 at Lang & Schwarz on October 13, 2026 at 2:38 p.m. CEST, 1.02 percent above the Euronext Paris close of October 12, 2026 at EUR 33.30.
Sales date is October 20
Michelin's investor calendar lists third-quarter and nine-month sales for October 20, 2026, according to the company's investor-relations page. The scheduled update gives the market a defined near-term information point without changing the separate analyst view published on October 12.
Stock remains below its high
Michelin's 52-week range is EUR 25.51 to EUR 35.72. At EUR 33.64, the stock sits 5.82 percent below the high and 31.86 percent above the low, keeping the current quote closer to the top of its annual range.
Trading volume stood at 145,137 shares on October 13, 2026, against an average volume of 1,488,289 shares. The gap between those figures places the session activity below the reported average, while the price remained above the prior Euronext Paris close.
Valuation and market position
Michelin had a market capitalization of EUR 22.8 billion and a price-to-earnings ratio of 14.81 on October 13, 2026. The company is listed on Euronext Paris under ticker ML and is a constituent of the CAC 40, according to Global Banking and Finance.
Comparison with peers
Michelin (Euronext Paris, EUR): plus 1.02 percent, price-to-earnings ratio 14.81, market capitalization EUR 22.8 billion
Volkswagen (Xetra, EUR): plus 0.38 percent, price-to-earnings ratio 6.57, market capitalization EUR 34.4 billion
Goodyear (Nasdaq, USD): minus 4.06 percent, price-to-earnings ratio minus 0.51, market capitalization USD 1.3 billion
Michelin stock at EUR 33.64
The current quote is 5.82 percent below Michelin's 52-week high of EUR 35.72, while Bernstein's EUR 38.00 target stands above the market price. The combination gives investors two clear reference points for the October 20 sales update: the annual trading range and the latest published analyst target.
The further course of trading is shown by the continuously updated real-time quote of Michelin stock.
Michelin stock facts
- Company: Compagnie Générale des Établissements Michelin Société en commandite par actions
- ISIN: FR001400AJ45
- Ticker: ML
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 13, 2026, 2:38 p.m. CEST): EUR 33.64
- Change versus Euronext Paris close: plus 1.02 percent
- Euronext Paris close (October 12, 2026): EUR 33.30
- Market capitalization: EUR 22.8 billion (as of October 13, 2026)
- 52-week range: EUR 25.51-EUR 35.72 (as of October 13, 2026)
- Sector / Industry: Consumer Cyclical / Auto - Parts
- Index membership: CAC 40
- Next earnings date: October 20, 2026
Market context: Market report CAC 40.
