Morgan Stanley raised target for Edenred stock to EUR 35 from EUR 34

Published on 10/14/2026 at 11:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

2026 EBITDA: EUR 1,230 million-1,270 million. Edenred stock costs EUR 28.80 October 14, 2026, 1.37 percent below Xetra October 13 at EUR 29.20.

Analyst target and reporting date

Morgan Stanley raised its Edenred target from EUR 34.00 to EUR 35.00 on September 21, 2026.
Edenred's 2026 EBITDA guidance stands at EUR 1,230 million-1,270 million.
Edenred stock trades at EUR 28.80 at 11:42 a.m. CEST at Lang & Schwarz on October 14, 2026, 1.37 percent below the Xetra close of October 13, 2026.

Edenred SE, FR0010908533, Illustration mit AI erstellt.

Edenred (FR0010908533) stock was trading at EUR 28.80 at Lang & Schwarz on October 14, 2026 at 11:42 a.m. CEST, down 1.37 percent versus the Xetra close reference. Morgan Stanley had raised its Edenred target from EUR 34.00 to EUR 35.00 on September 21, 2026, while keeping its Overweight rating, as BFM Bourse reported.

Target rises as forecasts reset

Morgan Stanley's revised target came with lower estimates for Edenred's 2026-2028 revenue and recurring operating profit, reduced by nearly 2 percent, according to the September 21 report. The bank's 2026 EBITDA forecast stood at EUR 1,251 million, within Edenred management's guidance range of EUR 1,230 million-1,270 million.

The combination matters because the target increase did not reflect higher near-term earnings assumptions. The report linked the valuation change to a timing shift in the model, while its 2026 forecast pointed to an 8 percent organic decline.

What does the forecast mean?

For investors, the October 21 revenue publication is the next concrete test of that reset. Edenred's official investor calendar identifies October 21, 2026, as the date for third-quarter 2026 revenue, and the company operates employee-benefit, mobility and corporate-payment solutions across 44 countries, according to Edenred.

Chronology of key figures

On May 7, 2026, Edenred's general meeting approved a EUR 1.33 per-share dividend for fiscal year 2025, as Edenred stated. On July 23, 2026, first-half reporting showed second-quarter revenue of EUR 687 million, up 10.60 percent, according to Ideal Investisseur. On September 21, 2026, Morgan Stanley lifted its target by EUR 1.00 to EUR 35.00.

Upcoming reporting dates

The next scheduled company date is October 21, 2026, for third-quarter revenue. Simply Wall St lists March 2, 2027, for Edenred's fiscal year 2026 results.

Stock trades below Xetra close

Edenred stock was trading at EUR 28.80 at Lang & Schwarz on October 14, 2026 at 11:42 a.m. CEST, 1.37 percent below the Xetra close of October 13, 2026 at EUR 29.20. The current quote sits within the 52-week range of EUR 15.23 to EUR 30.85, while market capitalization was EUR 6.8 billion as of October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of Edenred stock.