RBC keeps CHF 220 target for Richemont stock

Published on 10/23/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales rose 20 percent in the quarter ended June 30, 2026. Richemont stock costs EUR 183.25 on October 23, 2026 at CHF 90.1 billion.

Analyst view and operating growth

RBC retained an Outperform rating and a CHF 220.00 target on October 21, 2026.
Richemont sales rose 20.00 percent at constant rates in the first quarter ended June 30, 2026.
Richemont stock trades at EUR 183.25 at 10:38 a.m. CEST at Lang & Schwarz on October 23, 2026.

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Richemont (ISIN CH0210483332) trades at EUR 183.25 at Lang & Schwarz on October 23, 2026 at 10:38 a.m. CEST. On October 21, 2026, finanzen.ch reported that RBC Capital Markets retained its Outperform rating and CHF 220.00 price target ahead of the first-half results.

RBC sees growth ahead

RBC analyst Piral Dadhania projected organic sales growth of 15.60 percent and estimated an EBIT margin of 23.00 percent in the October 21, 2026 study, according to finanzen.ch. The margin estimate was slightly above the average market expectation cited in the report, while the sales-growth forecast matched consensus.

Three dates show the shift

On July 15, 2026, Richemont reported first-quarter sales growth of 20.00 percent at constant exchange rates for the period ended June 30, 2026. On October 15, 2026, Reuters reported that Richemont was in talks to join a consortium bidding for De Beers, valued at about USD 1.00 billion. On October 21, 2026, RBC retained its CHF 220.00 target.

What does the De Beers plan mean?

A possible De Beers investment would connect Richemont more closely with a key input for its jewelry houses, but Reuters said there was no guarantee that Richemont would join the consortium. The strategic logic therefore sits beside execution risk, particularly while the diamond market is emerging from a downturn.

Next results arrive November 13

The next scheduled reporting date is November 13, 2026, when Richemont is expected to publish its second-quarter fiscal 2027 results, according to TradingView. That release will test whether the first-quarter sales acceleration is translating into the profitability RBC expects.

Price and valuation context

Richemont entered fiscal 2027 with strong operating momentum in jewelry and a renewed contribution from specialist watchmakers. Its investor page lists FY26 sales of EUR 22.4 billion, operating profit of EUR 4.5 billion and operating cash flow of EUR 4.9 billion, all for fiscal year 2026, according to Richemont. The group also reported EUR 8.5 billion in net cash for that period.

At Lang & Schwarz, Richemont was trading at EUR 183.25 on October 23, 2026 at 10:38 a.m. CEST. The quote's market context was CHF 90.1 billion in market capitalization, with a CHF 127.20 to CHF 202.20 52-week range on the SIX-listed instrument.

The further course of trading is shown by the continuously updated real-time quote of Richemont stock.