JPMorgan raises target for Richemont stock to CHF 235.00

Published on 10/07/2026 at 09:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales rose 20.00 percent at constant rates in the first quarter. Richemont stock costs EUR 186.33 on October 7, 2026 after EUR 186.05.

Modernes Glas- und Steingebäude mit Bergpanorama, gepflegtem Garten und Wasserbecken davor — Architektur-Render eines modernen Hauptsitzes repräsentiert Cie Financière Richemont, ISIN CH0210483332, Schweizer Konzernzentrale, Illustration mit AI erstellt.

Richemont stock (ISIN CH0210483332) was trading at EUR 186.33 at Lang & Schwarz on October 7, 2026 at 9:22 a.m. CEST, plus 0.15 percent versus the prior close of EUR 186.05. On September 29, 2026, finanzen.ch reported that JPMorgan raised its Richemont target from CHF 220.00 to CHF 235.00 and kept an Overweight rating.

JPMorgan raises the valuation bar

The target increase gives Richemont a fresh analyst benchmark ahead of its next reported figures. JPMorgan also placed the stock on Positive Catalyst Watch, while leaving its estimates broadly unchanged, according to the September 29 report.

The new target reflects a valuation basis rolled forward to the end of 2028, rather than a reported change in Richemont's operating forecast. For investors, that distinction matters because the valuation signal is stronger than a new earnings estimate.

First-quarter sales grow 20 percent

Richemont's investor materials say group sales rose 20.00 percent at constant exchange rates in the first quarter of fiscal 2027, ended June 30, 2026. The company describes the period as a strong start to the year in its Richemont investor-relations information.

The latest full-year reference on the same investor page lists fiscal 2026 sales of EUR 22.4 billion, operating profit of EUR 4.5 billion and operating cash flow of EUR 4.9 billion. Those figures provide scale, while the 20.00 percent first-quarter growth rate supplies the more recent operating comparison.

Market value remains below the yearly high

Richemont's market capitalization was CHF 102.7 billion on October 7, 2026, based on the latest SIX quotation context. The 52-week range was CHF 127.20 to CHF 202.20, placing the current SIX reference price below the yearly high while the Lang & Schwarz quote remained in euros.

The Swiss listing is on SIX under ticker CFR.SW, and Richemont is included in the SMI. The different currencies are important: the CHF target and range describe the primary listing, while the euro quote is the reference for German investors in this article.

The October 7 price snapshot

At Lang & Schwarz, Richemont was trading at EUR 186.33 on October 7, 2026 at 9:22 a.m. CEST, plus 0.15 percent versus the prior close of EUR 186.05. The modest daily change leaves JPMorgan's CHF 235.00 target as the clearest quantified market comparison in the latest analyst coverage.

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