Jefferies cuts target for Richemont stock to CHF 200

Published on 10/14/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Richemont posted EUR 6.33 billion in first-quarter revenue, up 17.00 percent year over year. Richemont stock costs EUR 186.43 on October 14, 2026.

Analyst view and growth profile

Richemont's first-quarter revenue reached EUR 6.33 billion on June 30, 2026.
Jefferies cut its target from CHF 220.00 to CHF 200.00 on October 7, 2026.
Richemont stock was trading at EUR 186.43 at 10:15 a.m. CEST at Lang & Schwarz on October 14, 2026.
Richemont will publish interim results on November 13, 2026.

Extreme Nahaufnahme eines mechanischen Uhrwerks mit goldenen Zahnrädern und Rubinlagern — Makroaufnahme eines Uhrwerks illustriert Präzisionshandwerk von Cie Financière Richemont, ISIN CH0210483332, Schweizer Uhrenindustrie, Illustration mit AI erstellt.

Richemont (CH0210483332) generated EUR 6.33 billion in revenue in the quarter ended June 30, 2026, up 17.00 percent year over year. FinanzNachrichten reported that Jefferies cut its target from CHF 220.00 to CHF 200.00 on October 7, 2026, while retaining a Buy rating.

Three milestones shape the picture

On May 22, 2026, Richemont reported EUR 22.40 billion in sales for fiscal year 2026. On July 15, 2026, the company said first-quarter sales rose 20.00 percent at constant exchange rates. On October 7, 2026, Jefferies reduced its target from CHF 220.00 to CHF 200.00. The sequence shows strong reported growth followed by a more cautious external view before the next results.

What does the target cut mean?

Jefferies cited an expected slowdown in organic growth, while also seeing improved profitability as input-cost and currency pressure eased, according to FinanzNachrichten. The target change therefore combines a lower growth assumption with a more favorable margin view. Richemont's first-quarter revenue of EUR 6.33 billion provides the latest quantified operating baseline.

When is the next report?

Richemont is scheduled to publish its next quarterly results on November 13, 2026, according to TickerLandia. The release is expected to cover the six months ended September 30, 2026, making that report the next test of whether the first-quarter growth rate carried into the second quarter.

Stock price and company scale

Richemont was trading at EUR 186.43 at Lang & Schwarz on October 14, 2026 at 10:15 a.m. CEST. The latest structured quote for the SIX listing showed a market capitalization of CHF 102.2 billion on October 14, 2026, while Richemont's investor page lists fiscal-year 2026 sales of EUR 22.4 billion, operating profit of EUR 4.5 billion and operating cash flow of EUR 4.9 billion. The group also reported that 77.00 percent of sales came directly from end clients in fiscal year 2026. The further course of trading is shown by the continuously updated real-time quote of Richemont stock.