LVMH Moët Hennessy Louis Vuitton, FR0000121014

Goldman starts coverage of LVMH Moët Hennessy Louis Vuitton stock at EUR 500.00

Published on 10/05/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue reached EUR 38.6 billion, up 2.00 percent organically. LVMH stock costs EUR 380.20 on October 5, 2026 after EUR 381.80.

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LVMH Moët Hennessy Louis Vuitton (ISIN FR0000121014) received a EUR 500.00 price target as Goldman Sachs began coverage on October 4, 2026. The bank expects a return to growth for European luxury goods and sees a recovery in LVMH's leather goods business, according to Investing.com. LVMH was trading at EUR 380.20 at Lang & Schwarz on October 5, 2026 at 1:08 p.m. CEST, down 0.42 percent versus the prior close of EUR 381.80.

Goldman targets EUR 500.00

The target implies a premium of 31.51 percent to the Lang & Schwarz price, calculated from EUR 500.00 against EUR 380.20. Goldman Sachs also expects organic luxury-sector revenue growth in the mid-single-digit range in 2027, while the LVMH-specific investment case rests on renewed momentum in leather goods, according to Investing.com.

First-half revenue rises organically

LVMH reported EUR 38.6 billion of revenue in the first half of 2026, up 2.00 percent organically but down 3.00 percent on a reported basis. Operating margin reached 22.50 percent, while profit from recurring operations was EUR 8.7 billion, according to the first-half earnings call transcript published by Yahoo Finance. Watches and jewelry generated EUR 5.2 billion of first-half revenue, up 9.00 percent organically, giving investors a stronger growth counterweight to the weaker fashion and leather goods division.

Third-quarter sales due October 12

LVMH has scheduled publication of its third-quarter 2026 sales for October 12, 2026, after the close of the Paris market. The company reported EUR 80.8 billion of revenue and EUR 10.9 billion of net profit attributable to the group for fiscal year 2025, with a 22.00 percent operating margin, according to its investor page.

The primary listing is Euronext Paris under ticker MC.PA and ISIN FR0000121014, as identified by Global Banking and Finance. The share's market capitalization was EUR 187.9 billion on October 5, 2026, while its 52-week range was EUR 376.00 to EUR 654.70.

Stock outlook: The next company-specific test is the October 12 sales release, while the Goldman Sachs target places the emphasis on a recovery in leather goods and a return to organic growth.

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