Michelin stock: J.P. Morgan keeps EUR 42.00 target for Michelin stock
Published on 10/20/2026 at 15:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and operating figures
- J.P. Morgan maintained a EUR 42.00 target and Buy rating on October 5, 2026.
- Michelin recorded EUR 12.69 billion revenue in the first half of 2026, with an 11.40 percent operating margin.
- Michelin stock costs EUR 33.12 at Lang & Schwarz on October 20, 2026 at 3:37 p.m. CEST, 0.64 percent above the Tradegate close of October 19, 2026.
- Michelin's market capitalization stood at EUR 22.4 billion on October 20, 2026.
Michelin (ISIN FR001400AJ45) is covered by a EUR 42.00 J.P. Morgan target after the bank maintained its Buy rating on October 5, 2026. The target is 26.81 percent above the EUR 33.12 Lang & Schwarz price, calculated in euros. Michelin stock was trading at EUR 33.12 at Lang & Schwarz on October 20, 2026 at 3:37 p.m. CEST, up 0.64 percent versus the Tradegate close of October 19, 2026.
Revenue held at EUR 12.69 billion
Michelin recorded EUR 12.69 billion revenue in the first half of 2026, while its operating margin stood at 11.40 percent, according to Ideal Investisseur. Michelin brand volumes in the replacement market advanced 5.00 percent during the period, providing a concrete counterpoint to the near-stable revenue performance.
Stock sits below its yearly high
The Euronext Paris share price remains EUR 2.60 below its 52-week high of EUR 35.72 and EUR 6.22 above its 52-week low of EUR 26.90. The market capitalization was EUR 22.4 billion on October 20, 2026, while the price-to-earnings ratio stood at 14.59. The primary listing is in Paris, and the stock belongs to the tires and rubber products industry.
Target and reporting date
J.P. Morgan analyst Jose Asumendi maintained the Buy rating and set the EUR 42.00 target on October 5, 2026, as Markets Insider reported. The same report cited EUR 12.69 billion quarterly revenue and EUR 761.0 million net profit for the quarter ending June 30, 2026.
Michelin's investor calendar lists October 20, 2026 for its third-quarter and nine-month revenue conference, according to the Michelin investor page. The calendar also lists July 27, 2026 for the first-half results, which supplied the operating figures above.
What the target implies
The J.P. Morgan target would value Michelin 26.81 percent above the Lang & Schwarz price, leaving the analyst view materially above the current euro quotation. That gap is the clearest valuation marker alongside the 14.59 price-to-earnings ratio and the 11.40 percent first-half operating margin.
Michelin was trading at EUR 33.12 at Lang & Schwarz on October 20, 2026 at 3:37 p.m. CEST, 0.64 percent above the Tradegate close of October 19, 2026 at EUR 32.91. The further course of trading is shown by the continuously updated real-time quote of Michelin stock.
Michelin stock facts
- 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 20, 2026, 3:37 p.m. CEST): EUR 33.12
- Change versus Tradegate close: plus 0.64 percent
- Tradegate close (October 19, 2026): EUR 32.91
- Market capitalization: EUR 22.4 billion (as of October 20, 2026)
- 52-week range: EUR 26.90-EUR 35.72 (as of October 20, 2026)
- Sector / Industry: Consumer Cyclical / Auto - Parts
Market context: Market report CAC 40.
