JP Morgan lifts Puig forecast to 5.10 percent for Puig stock

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

Renta 4 lifted its target from EUR 20.80 to EUR 22.60 on September 30, 2026. Puig stock was EUR 19.41 on October 16, 2026.

Forecast and earnings calendar

JP Morgan lifted Puig's comparable third-quarter growth forecast to 5.10 percent on October 15, 2026.
Puig reported EUR 2.35 billion in first-half 2026 revenue and 4.40 percent comparable growth.
Puig stock trades at EUR 19.41 at 10:03 a.m. CEST at Lang & Schwarz on October 16, 2026.

Puig, ES0105777017, Illustration mit AI erstellt.

Puig Brands (ISIN ES0105777017) faces a higher third-quarter growth bar after Economia 3 reported on October 15, 2026 that JP Morgan lifted its comparable sales-growth forecast for the third quarter to 5.10 percent from 3.30 percent. The estimate raises the hurdle ahead of Puig's scheduled sales update.

JP Morgan raises the growth bar

JP Morgan kept a neutral recommendation and a EUR 16.00 price target while increasing its third-quarter comparable-growth forecast. The bank also projected 4.20 percent comparable growth for 2026, revenue of EUR 5.25 billion and adjusted attributable profit of EUR 610.00 million, according to Economia 3.

The latest operating base is the first half of 2026, when Puig generated EUR 2.35 billion in revenue, up 4.40 percent on a comparable basis. Adjusted net profit rose 5.20 percent to EUR 260.30 million, while Asia-Pacific growth reached 20.90 percent, according to Economia 3.

What does the target mean?

Renta 4 raised its target from EUR 20.80 to EUR 22.60 on September 30, 2026 and retained its overweight recommendation, Bolsamania reported. The target frames the debate around whether stronger fragrance growth and the Isdin acquisition can support margins.

Three dates shape the next test

Puig's recent chronology includes the EUR 20.80 to EUR 22.60 Renta 4 target revision on September 30, 2026, JP Morgan's 3.30 percent to 5.10 percent forecast revision on October 15, 2026, and the EUR 19.41 Lang & Schwarz quote on October 16, 2026.

Upcoming company dates

Puig is scheduled to publish third-quarter sales on October 21, 2026 and hold its Capital Markets Day on October 28, 2026, according to Benzinga. Those dates give investors two near-term checkpoints for sales momentum, category mix and the expected contribution from Isdin.

Stock quote from Germany

Puig stock was trading at EUR 19.41 at Lang & Schwarz on October 16, 2026 at 10:03 a.m. CEST. The company is listed on BME under ticker PUIG.MC and belongs to Spain's Ibex 35. The further course of trading is shown by the continuously updated real-time quote of Puig stock.