Morgan Stanley raised target for Edenred stock to EUR 35
Published on 10/13/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Morgan Stanley raised its Edenred price target from EUR 34 to EUR 35 on September 21, 2026.
- The bank kept its Overweight rating while cutting its 2026-2028 revenue and recurring operating profit estimates by nearly 2 percent.
- Edenred stock was at EUR 28.41 at Lang & Schwarz on October 13, 2026, 7.91 percent below its EUR 30.85 52-week high.
- Edenred's third-quarter 2026 revenue is scheduled for October 21, 2026.
Edenred (ISIN FR0010908533) was at EUR 28.41 at Lang & Schwarz on October 13, 2026 at 10:17 a.m. CEST, 7.91 percent below its EUR 30.85 52-week high. TradingSat reported on September 21, 2026 that Morgan Stanley raised its target from EUR 34 to EUR 35 and kept its Overweight rating.
Three milestones shape the setup
On May 29, 2026, Edenred announced a EUR 50.0 million share buyback, which Ideal Investisseur said was 100 percent executed by October 1, 2026. On July 23, 2026, first-half results lifted the 2026 EBITDA guidance to EUR 1.25 billion, while the same report cited double-digit Mobility growth.
On September 21, 2026, Morgan Stanley moved its target from EUR 34 to EUR 35. The sequence puts the share price below the target while the target itself remains inside Edenred management's 2026 EBITDA range of EUR 1.23 billion to EUR 1.27 billion, as reported by TradingSat.
What does the target change mean?
The target increase came despite Morgan Stanley cutting its 2026-2028 revenue and recurring operating profit estimates by nearly 2 percent and reducing its average earnings-per-share estimate by 1.5 percent. The bank expected 2026 EBITDA of EUR 1.251 billion, an organic decline of 8 percent, and attributed the target increase to a timing shift in its valuation model, according to TradingSat.
Upcoming dates carry the next test
Edenred is scheduled to publish third-quarter 2026 revenue on October 21, 2026, according to its company event calendar. The next dated company-linked event listed in the same official material is the Route du Rhum sailing departure on November 1, 2026, while the financial release remains the more direct stock catalyst.
Edenred operates employee benefit, mobility and corporate payment solutions across 44 countries, serving more than 1 million client companies, 60 million users and 2 million partner merchants, according to Edenred. Its 2026 guidance and the October revenue update therefore provide the clearest numerical checkpoints for the valuation debate.
Stock remains below its yearly high
The EUR 28.41 Lang & Schwarz indication on October 13, 2026 at 10:17 a.m. CEST stood 7.91 percent below the EUR 30.85 52-week high and gave Edenred a market capitalization of EUR 6.7 billion. The stock is listed on Euronext Paris and belongs to the CAC Next 20, CAC Large 60 and Euronext 100 indices. The further course of trading is shown by the continuously updated real-time quote of Edenred stock.
Edenred stock facts
- Company: Edenred S.A.
- ISIN: FR0010908533
- Ticker: EDEN.PA
- Primary exchange: Euronext Paris
- Price Lang & Schwarz as of October 13, 2026, 10:17 a.m. CEST: EUR 28.41
- Market capitalization: EUR 6.7 billion (as of October 13, 2026)
- 52-week range: EUR 15.23-30.85 (as of October 13, 2026)
- Sector / Industry: Information Technology / Financial Technology
- Index membership: CAC Next 20, CAC Large 60, Euronext 100
- Next earnings date: October 21, 2026
Market context: Market report CAC 40.
