Deutsche Bank sets EUR 37 target for Michelin stock
Published on 10/06/2026 at 10:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Michelin (ISIN FR001400AJ45) was trading at EUR 33.46 at Lang & Schwarz on October 6, 2026 at 10:01 a.m. CEST, up 0.21 percent from the EUR 33.39 prior close. Deutsche Bank set a EUR 37 price target for Michelin on October 2, 2026, according to BFM Bourse. The target stands 10.58 percent above the Lang & Schwarz price.
Deutsche Bank sees stronger revenue
Deutsche Bank expects Michelin's third-quarter revenue to rise year over year, supported by price and mix, acquisitions and currency effects, the report said on October 2, 2026. It also kept a Buy view on the stock alongside the EUR 37 target.
The near-term test is Michelin's third-quarter and nine-month sales release scheduled for October 20, 2026, according to the company's investor relations page.
Margins offset weaker volumes
Michelin generated EUR 12.70 billion of revenue in the first half of 2026, with reported revenue down 2.60 percent because of currency headwinds but up 0.50 percent at constant exchange rates. Segment operating income reached EUR 1.45 billion, up 7.00 percent at constant scope and exchange rates, while the operating margin improved to 11.40 percent, according to the Yahoo Finance transcript of the July 27, 2026 results call.
The mix is uneven. Michelin's replacement business supported the first-half performance, while original-equipment demand remained weaker. Free cash flow reached EUR 282.00 million in the first half of 2026, and management confirmed its expectation for segment operating income at constant exchange rates and scope to exceed 2025 levels.
Stock remains below yearly high
Michelin's Lang & Schwarz price was 6.33 percent below its EUR 35.72 52-week high and 31.16 percent above its EUR 25.51 52-week low on October 6, 2026. Its market capitalization was EUR 22.7 billion on the same date, giving the Deutsche Bank target a concrete valuation hurdle rather than a standalone headline number.
Michelin trades on Euronext Paris under ticker ML, is included in the CAC 40 and operates in the consumer cyclical auto-parts industry, according to a Global Banking and Finance market profile. The next reported sales figure will show whether price and mix can continue to offset original-equipment weakness.
Michelin stock and the next sales date
At Lang & Schwarz, Michelin stock was trading at EUR 33.46 on October 6, 2026 at 10:01 a.m. CEST, plus 0.21 percent versus the EUR 33.39 prior close of October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Michelin stock.
Michelin stock facts
- Company: Compagnie Générale des Etablissements Michelin Société en commandite par actions
- ISIN: FR001400AJ45
- Ticker: ML
- Primary exchange: Euronext Paris
- Price Lang & Schwarz as of October 6, 2026 at 10:01 a.m. CEST: EUR 33.46
- Change versus prior close: plus 0.21 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 33.39
- Market capitalization: EUR 22.7 billion as of October 6, 2026
- 52-week range: EUR 25.51-EUR 35.72 as of October 6, 2026
- Sector / Industry: Consumer Cyclical / Auto Parts
- Index membership: CAC 40
- Next earnings date: October 20, 2026
