EssilorLuxottica consensus picture after BofA target cut, shares with mixed forecasts

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 14:37.

EssilorLuxottica (FR0000121667) is being reassessed by analysts this week. The Paris-listed eyewear group remains part of the CAC 40 index, with its shares trading on Euronext Paris in euros.

What Bank of America changed

Bank of America recently lowered its price objective for EssilorLuxottica, citing weaker-than-expected sales of smart wearables within the group’s portfolio according to analyst commentary summarized by MarketScreener. The bank also trimmed its revenue and margin forecasts for the coming quarters, pointing to a more cautious view on profitability in the connected eyewear segment.

In the 19 June 2026 note, Bank of America’s equity research team acknowledged the strength of the core optical and sunglasses franchises but highlighted that early expectations for wearables adoption had been ambitious, prompting the target reduction. The adjustment puts EssilorLuxottica alongside peers such as LVMH and Kering in seeing selective revisions where newer technology-driven initiatives are still scaling.

Broader consensus on the shares

Beyond Bank of America, the broader analyst community retains a generally constructive stance on EssilorLuxottica, with a mix of Buy and Hold ratings visible on platforms such as MarketScreener and Investing.com. Consensus data compiled there still indicates moderate upside potential for the shares from current levels, although near-term expectations have been aligned with the softer wearables trajectory.

Recent price data show EssilorLuxottica trading around 212 euros on Euronext Paris as of 19 June 2026, corresponding to a market capitalization of roughly 94 billion euros for the consumer discretionary group. On secondary venues in London and Milan, the stock trades via local tickers reflecting the same underlying valuation, underscoring the international investor base following the name.

The business behind the stock

EssilorLuxottica generates most of its revenue from optical lenses and eyewear frames sold under brands such as Ray-Ban, Oakley and its licensed luxury labels, complemented by retail chains including GrandVision and LensCrafters. The group also invests in smart glasses and connected eyewear, although these products currently contribute a smaller share of sales than traditional optical lines.

Where the stock trades today

The EssilorLuxottica shares (FR0000121667) trade on 2026-06-19, 17:35 on Euronext Paris at 212.00 euros.

This article is for informational purposes only and does not constitute investment advice, a recommendation or an offer to buy or sell securities. All data are based on sources considered reliable but cannot be guaranteed.