LVMH Moët Hennessy Louis Vuitton, FR0000121014

LVMH stock: BNP Paribas Exane cuts target to EUR 465.00 for LVMH stock

Published on 10/22/2026 at 18:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached EUR 57.15 billion, down 2.00 percent. LVMH stock costs EUR 388.70 on October 22, 2026, down 0.22 percent versus Tradegate close.

Analyst target and revenue

BNP Paribas Exane cut its LVMH target to EUR 465.00 on October 21, 2026.
Nine-month revenue reached EUR 57.15 billion in 2026, down 2.00 percent reported.
LVMH stock costs EUR 388.70 at Lang & Schwarz on October 22, 2026 at 6:09 p.m. CEST, down 0.22 percent versus the Tradegate close.
LVMH has a EUR 191.2 billion market capitalization and a 17.68 price-to-earnings ratio.

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LVMH Moët Hennessy Louis Vuitton (ISIN FR0000121014) is facing a lower analyst target after BNP Paribas Exane cut its price objective from EUR 470.00 to EUR 465.00 on October 21, 2026, while keeping a neutral rating, as Ideal Investisseur reported. The target lies 19.63 percent above the Lang & Schwarz price. LVMH was trading at EUR 388.70 at Lang & Schwarz on October 22, 2026 at 6:09 p.m. CEST, down 0.22 percent versus the Tradegate close of October 20, 2026 at EUR 389.55.

Revenue growth remains uneven

LVMH reported revenue of EUR 57.15 billion for the first nine months of 2026, compared with EUR 58.09 billion a year earlier, a 2.00 percent reported decline. Organic revenue grew 2.00 percent over the same period, according to the company release dated October 12, 2026, published by LVMH.

The mix explains the tension in the figures. Fashion and leather goods revenue fell 4.00 percent to EUR 26.39 billion in the first nine months, while watches and jewelry grew 4.00 percent to EUR 7.73 billion on a reported basis. Selective retailing declined 1.00 percent to EUR 12.48 billion, although organic growth reached 6.00 percent.

Stock sits above its yearly low

The EUR 375.65 52-week low and EUR 654.70 high place the current Lang & Schwarz price 3.47 percent above the low and 40.63 percent below the high. The finance snapshot dated October 22, 2026 also lists 561,720 shares of volume and a EUR 191.2 billion market capitalization.

Valuation and sector comparison

LVMH trades at a 17.68 price-to-earnings ratio, below L'Oréal at 35.06 and Hermès International at 30.00. The difference reflects a weaker recent revenue profile for LVMH, while the two peers carry market capitalizations of EUR 220.0 billion and EUR 135.1 billion, respectively.

Comparison with peers

LVMH Moët Hennessy Louis Vuitton: down 0.22 percent, P/E 17.68, market capitalization EUR 191.2 billion

L'Oréal (Euronext Paris, EUR): up 1.80 percent, P/E 35.06, market capitalization EUR 220.0 billion

Hermès International (Euronext Paris, EUR): down 4.94 percent, P/E 30.00, market capitalization EUR 135.1 billion

What the target means for valuation

The revised BNP Paribas Exane target remains EUR 76.30 above the Lang & Schwarz price. For investors, the central contrast is between a 17.68 valuation multiple and the 2.00 percent reported revenue decline for the first nine months of 2026.

Trading position

LVMH stock was trading at EUR 388.70 at Lang & Schwarz on October 22, 2026 at 6:09 p.m. CEST, down 0.22 percent versus the Tradegate close of October 20, 2026 at EUR 389.55. The further course of trading is shown by the continuously updated real-time quote of LVMH stock.