Jefferies keeps Hold on Partners Group stock at CHF 605 target

Published on 10/01/2026 at 15:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 2026 revenue fell 7.00 percent to CHF 1,121 million. Partners Group stock was EUR 642.60 on October 1, 2026, plus 1.24 percent after EUR 634.70.

Partners Group Boardroom in Zug CH0024608827 mit Bergblick, langer Holztisch und digitale Tablets, Illustration mit AI erstellt.

Partners Group stock was trading at EUR 642.60 at Lang & Schwarz on October 1, 2026 at 3:30 p.m. CEST, up 1.24 percent from the prior close of EUR 634.70. On September 30, 2026, Jefferies analyst Thomas Mills maintained a Hold rating and a CHF 605.00 price target, as Markets Insider reported.

H1 revenue falls as fees weaken

Partners Group reported CHF 1,121 million of total revenue for the first half of 2026, down 7.00 percent from CHF 1,210 million in the first half of 2025, according to the company's September 1, 2026 interim announcement published by Financial Times. Management income increased 6.00 percent in Swiss francs to CHF 905 million, but performance income fell 39.00 percent to CHF 216 million.

The mix explains the pressure on profitability. EBITDA declined 9.00 percent to CHF 706 million, while the EBITDA margin was 63.00 percent, down from 64.00 percent in the first half of 2025. Net profit fell 13.00 percent to CHF 502 million from CHF 578 million.

Fundraising supports the outlook

Assets under management reached USD 186 billion as of June 30, 2026, up 7.00 percent year over year. Partners Group confirmed expected gross new client demand of USD 26 billion to USD 32 billion for full-year 2026, while performance income is expected to represent 20.00 percent to 25.00 percent of revenue.

The company is also expanding its investment platform. On September 15, 2026, Partners Group said it planned to more than double its initial equity investment in sports talent agency SEG, supporting acquisitions and broader international expansion, according to Partners Group.

Stock rises during afternoon trading

The October 1 move leaves the euro quote above the previous Lang & Schwarz close by EUR 7.90. The Swiss listing remains the relevant home-market reference, with Partners Group shares listed on the SIX Swiss Exchange under ticker PGHN.

Partners Group was trading at EUR 642.60 at Lang & Schwarz on October 1, 2026 at 3:30 p.m. CEST, plus 1.24 percent versus the prior close of EUR 634.70. The further course of trading is shown by the continuously updated real-time quote of Partners Group stock.