Lotus Bakeries stock slips after Bernstein cuts rating

Published on 09/02/2026 at 21:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lotus Bakeries stock slipped to EUR 12,300 after Bernstein cut its view to Market Perform and raised the price target to EUR 13,000.

Aquarellmalerei eines historischen belgischen Marktplatzes mit Giebelhäusern — Aquarell-Ansicht einer belgischen Kleinstadt symbolisiert den Heimatstandort von Lotus Bakeries NV BE0003604155 in Belgien, Illustration mit AI erstellt.

Lotus Bakeries (ISIN BE0003604155) stock slid to EUR 12,300 on September 2, 2026 after a 4.21 percent decline, and the move came with a fresh Bernstein call that cut the rating to Market Perform and lifted the price target to EUR 13,000.

Bernstein resets the bar

According to a MarketScreener report on Bernstein's note, the broker moved from Outperform to Market Perform and increased the target to EUR 13,000. The share also had a previous-session level of EUR 12,840, so the latest close sits EUR 540 below that mark.

Investing.com reported that the stock was down 3.4 percent at EUR 12,400 before the close, while year to date the share had gained around 60 percent. That combination leaves valuation, not demand, as the main debate for investors.

Revenue growth still matters

Investing.com also said first-half revenue grew strongly on the back of the Biscoff brand, and that point matters because Lotus Bakeries' premium multiple depends on continued double-digit operating traction. The same report tied the slide to Bernstein's more cautious stance on valuation.

Simply Wall St said analysts used an 11.4 percent annual revenue growth assumption, profit margins around 13 percent and a fair value estimate of EUR 12,305, which sat below the last close of EUR 12,840. The gap between EUR 12,305 and EUR 13,000 gives the market two very different anchors for the same share.

Go deeper

Lotus Bakeries shares and valuation context

Review the company page and market context for Lotus Bakeries as the rating debate and share price move continue to drive attention.

Lotus Bakeries overview Investor Relations

Biscoff stays central

Lotus Bakeries still leans on Biscoff as the core consumer driver, and that is the product engine behind the first-half revenue momentum cited in the market reports. For the stock, the question is whether that growth can keep pace with a valuation that now sits close to EUR 13,000.

Stock and market view

At the close on September 2, 2026, Lotus Bakeries stock ended at EUR 12,300 after the 4.21 percent drop. On that same basis, the share remained above Simply Wall St's EUR 12,305 fair-value estimate only by a narrow margin earlier in the session, while Bernstein's EUR 13,000 target now stands as the higher external reference.