Goldman Sachs starts coverage for Richemont stock with Buy rating

Published on 10/06/2026 at 12:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs set CHF 225.00 target and rated Richemont Buy on October 5, 2026. Richemont stock costs EUR 187.23 on October 6, 2026 after EUR 188.20.

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Richemont stock (ISIN CH0210483332) was trading at EUR 187.23 at Lang & Schwarz on October 6, 2026 at 12:07 p.m. CEST, down 0.52 percent from the EUR 188.20 prior close. Goldman Sachs started coverage with a Buy rating and a CHF 225.00 price target on October 5, 2026, according to Investing.com. The combination of a fresh analyst view and improving sales gives the luxury group a clear near-term test: whether jewelry demand can translate into wider operating leverage.

Goldman targets jewelry growth

Investing.com says Goldman Sachs based its CHF 225.00 target on a 12-month discounted cash flow analysis and viewed Richemont as especially exposed to jewelry growth. Against the SIX context price of CHF 175.45 on October 6, 2026, the target lies 22.02 percent above the share price.

The target is an analyst assessment, not company guidance. Its central premise is a return to organic growth in 2027 as post-pandemic comparisons normalize and operating leverage improves, while the stock's 52-week range of CHF 127.20 to CHF 202.20 shows that valuation remains sensitive to execution.

Sales accelerate in fiscal 2027

Richemont's investor page reports sales of EUR 6.3 billion for the first quarter of fiscal 2027 ended June 30, 2026, up 20 percent at constant exchange rates and 17 percent at actual exchange rates. The Jewellery Maisons led the recovery with 24 percent growth at constant rates, while Specialist Watchmakers rose 8 percent, according to Richemont.

For fiscal year 2026, the same investor page lists EUR 22.4 billion in sales, EUR 4.5 billion in operating profit, EUR 4.9 billion in operating cash flow and EUR 8.5 billion in net cash. Direct sales to end clients represented 77 percent of the business, a figure that helps explain why brand strength and store productivity matter to the growth case.

Next results set for November

Richemont's second-quarter fiscal 2027 results are expected on November 13, 2026, according to finanzen.ch. That report will show whether the first-quarter sales comparison carried into the key holiday period and whether the improvement in watch demand continued.

At Lang & Schwarz, the intraday quote was EUR 187.23 on October 6, 2026 at 12:07 p.m. CEST, versus a prior close of EUR 188.20, a decline of 0.52 percent. The further course of trading is shown by the continuously updated real-time quote of Richemont stock.