Morgan Stanley lifts Edenred target to EUR 35 for Edenred stock

Published on 10/15/2026 at 09:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue is due October 21, 2026. Edenred stock costs EUR 29.27 on October 15, 2026, 5.12 percent below its high.

Analyst target and reporting date

Morgan Stanley set a EUR 35.00 target on September 21, 2026.
Second-quarter revenue reached EUR 687.00 million, while 2026 guidance stood at EUR 1,250.00 million.
Edenred stock was trading at EUR 29.27 at 9:34 a.m. CEST at Lang & Schwarz on October 15, 2026, 5.12 percent below its 52-week high.

Edenred SE, FR0010908533, Illustration mit AI erstellt.

Edenred stock (ISIN FR0010908533) was trading at EUR 29.27 at Lang & Schwarz on October 15, 2026 at 9:34 a.m. CEST. MarketScreener reported on September 21, 2026 that Morgan Stanley raised its Edenred target from EUR 34.00 to EUR 35.00 and maintained an Overweight rating.

Target rises before revenue date

The analyst change arrived ahead of Edenred's third-quarter revenue publication. The company website identifies October 21, 2026 as the date for that report, giving the market a near-term operating checkpoint.

The September 21 analysis also lowered Morgan Stanley's 2026 to 2028 revenue and operating-profit estimates by nearly 2 percent and earnings-per-share estimates by 1.50 percent. Its 2026 operating-profit forecast was EUR 1,251.00 million, within Edenred's EUR 1,230.00 million to EUR 1,270.00 million guidance range.

Three events shape the valuation

On May 29, 2026, Edenred announced a EUR 50.00 million share buyback program, which was 100.00 percent executed as of October 1, 2026, according to Ideal Investor. On July 23, 2026, first-half revenue reached EUR 687.00 million and the company raised its 2026 operating-profit guidance to EUR 1,250.00 million. On September 21, 2026, Morgan Stanley lifted its target to EUR 35.00.

What does the EUR 35 target mean?

The target sits above the Lang & Schwarz quote, but the same analyst note included a counterweight: its estimates for 2026 to 2028 were reduced because of consolidation effects linked to Edenred Pay North America and currency effects from a stronger euro. That combination makes the October revenue update important for testing whether the raised target is supported by operating delivery.

Next date is October 21

Edenred lists October 21, 2026 as the date for its third-quarter 2026 revenue report.

Stock remains below yearly high

Edenred stock was trading at EUR 29.27 at Lang & Schwarz on October 15, 2026 at 9:34 a.m. CEST. That was 5.12 percent below the 52-week high of EUR 30.85; the 52-week low was EUR 15.23 and market capitalization was EUR 6.8 billion as of October 15, 2026. The further course of trading is shown by the continuously updated real-time quote of Edenred stock.