JPMorgan keeps Michelin stock Overweight at EUR 42.00
Published on 10/07/2026 at 10:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Michelin (FR001400AJ45) stock was trading at EUR 33.89 at Lang & Schwarz on October 7, 2026 at 10:17 a.m. CEST, while JPMorgan kept an Overweight rating and a EUR 42.00 target on October 5, 2026, according to wallstreetONLINE. The target lies 23.93 percent above the Lang & Schwarz price, giving the analyst call a concrete valuation reference.
JPMorgan sees EUR 42.00 target
The October 5, 2026 note kept JPMorgan's Overweight view and its EUR 42.00 target unchanged. The analyst cited stronger product portfolios and Michelin's pricing power, while also expecting lower margins because of cost pressure, according to wallstreetONLINE.
Second-quarter revenue reaches EUR 12.69 billion
Michelin reported EUR 12.69 billion of revenue and EUR 761.00 million of net income for the quarter ending June 30, 2026, according to Markets Insider. Those figures give the current analyst view an operating backdrop that is more specific than the rating alone, although the same October 5, 2026 report also points to a prior-year comparison of EUR 6.51 billion in revenue and EUR 417.00 million in net income.
Buyback and October 20 sales date
Michelin disclosed purchases of 201,844 shares at an average EUR 32.42 per share on October 1, 2026, with cancellation as the stated objective, according to GlobeNewswire. Michelin's investor page lists October 20, 2026 for the third-quarter and nine-month sales conference, placing the next formal sales update within the current month.
Michelin stock remains below its yearly high
At EUR 33.89, Michelin's Lang & Schwarz price stood EUR 1.83 below the finance quote's EUR 35.72 52-week high and EUR 8.38 above its EUR 25.51 low, both dated October 7, 2026. The market capitalization was EUR 22.9 billion on the same date, while the primary listing is Euronext Paris and the stock trades under ML.
The stock was trading at EUR 33.89 at Lang & Schwarz on October 7, 2026 at 10:17 a.m. CEST, plus 0.98 percent versus the prior close of EUR 33.56. The further course of trading is shown by the continuously updated real-time quote of Michelin stock.
Michelin market snapshot
- Company: Compagnie Générale des Établissements Michelin Société en commandite par actions
- ISIN: FR001400AJ45
- Ticker: ML
- Primary exchange: Euronext Paris
- Price Lang & Schwarz as of October 7, 2026, 10:17 a.m. CEST: EUR 33.89
- Change versus prior close: plus 0.98 percent
- Prior close Lang & Schwarz October 6, 2026: EUR 33.56
- Market capitalization: EUR 22.9 billion as of October 7, 2026
- 52-week range: EUR 25.51-EUR 35.72 as of October 7, 2026
- Sector / Industry: Consumer Discretionary / Auto Parts
- Index membership: CAC 40
- Next earnings date: October 20, 2026
