Goldman Sachs starts coverage of Kering stock at Neutral

Published on 10/09/2026 at 11:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs set a EUR 250.00 target on October 2, 2026. Kering stock costs EUR 210.65 on October 9, 2026, plus 1.20 percent versus its prior close.

Key points in brief

Goldman Sachs initiated Kering coverage at Neutral with a EUR 250.00 price target on October 4, 2026.
Kering reported EUR 7.22 billion in first-half 2026 revenue, while net income fell 60 percent to EUR 189 million.
Kering stock was at EUR 210.65 at Lang & Schwarz on October 9, 2026, up 1.20 percent versus the EUR 208.15 prior close.
Kering is scheduled to publish third-quarter 2026 sales on October 22, 2026.

Bauhaus-Poster mit geometrischen Formen und dem Wort LUXURY in Gold und Blau — Geometrisches Bauhaus-Poster mit Sektor-Text LUXURY repräsentiert die Branche von Kering S.A. ISIN FR0000121485, Illustration mit AI erstellt.

Kering stock (ISIN FR0000121485) was at EUR 210.65 at Lang & Schwarz on October 9, 2026, during the regular European trading session. Goldman Sachs initiated coverage at Neutral with a EUR 250.00 price target on October 4, 2026, according to Markets Insider.

Goldman Sachs sets a cautious marker

The Neutral rating places the target at EUR 250.00, which is 18.68 percent above the Lang & Schwarz price of EUR 210.65. The distance leaves the valuation dependent on evidence that Kering can improve brand performance rather than on a simple recovery narrative.

The analyst note cited macroeconomic pressure and uncertainty around a business inflection. That caution contrasts with Kering's stated objective of returning to growth and improving profitability in 2026, as outlined on its finance page.

What does the EUR 250 target mean?

The target is 18.68 percent above the reference price, but the latest reported operating picture remains uneven. Kering generated EUR 7.22 billion of revenue in the first half of 2026, while net income attributable to the group fell 60 percent to EUR 189 million, according to Ideal Investisseur.

Three dated signals from Kering

On July 29, 2026, the first-half report showed EUR 7.22 billion in revenue and EUR 189 million in net income, with Gucci comparable revenue down 5 percent, according to Ideal Investisseur. On October 2, 2026, management adopted a more cautious tone ahead of the third-quarter sales release scheduled for October 22, 2026, as Investing.com reported. On October 4, 2026, Goldman Sachs set its Neutral rating and EUR 250.00 target, according to Markets Insider.

Next company date is October 22

Kering is scheduled to publish third-quarter 2026 sales on October 22, 2026, according to Investing.com. That release will test whether the cautious tone from October 2 translates into weaker sales momentum or stabilizes expectations for the second half.

Kering stock remains above its yearly low

Kering stock was trading at EUR 210.65 at Lang & Schwarz on October 9, 2026 at 11:47 a.m. CEST, plus 1.20 percent versus the prior close of EUR 208.15 on October 8, 2026. The 52-week range was EUR 203.20 to EUR 354.20, while market capitalization stood at EUR 25.9 billion as of October 9, 2026.

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