Michelin Stock - analyst consensus and operations snapshot

Edited by ad hoc news Operations & Strategy Desk. Verified prior to publication on 06/17/2026, 21:00 CET. Details in the imprint.

Michelin (FR0000120321) remains a core European industrial name as investors track its tire and mobility strategy alongside the latest analyst consensus on earnings and margins. The stock trades without major company-specific headlines today, leaving the focus on medium-term operations and expectations.

What recent guidance shows

Michelin presented its 2024 first-quarter revenue update on 04/24/2024, reporting sales of EUR 6.2 billion, down slightly at constant exchange rates as weaker volumes offset price-mix discipline, according to the group’s quarterly information release.

The company confirmed its 2024 guidance of more than EUR 3.5 billion in segment operating income at constant exchange rates and structural free cash flow above EUR 1.3 billion, signaling a focus on cash generation despite a soft tire market.

Wednesday focus on operations and strategy

Strategically, Michelin continues to push its "Michelin in Motion" 2030 plan, targeting more than EUR 34 billion in sales by 2030, with around 20% to 30% coming from non-tire businesses such as flexible composites and services, as set out in its long-term roadmap.

The group aims for segment operating margin above 11.5% by 2030 and strong structural free cash flow, supported by a portfolio shift toward specialty tires, high-value-added products and recurring service revenues in fleet management and mobility solutions.

How analysts view Michelin

Consensus data compiled by MarketScreener show that a majority of analysts rate Michelin stock as "buy" or "outperform", with an average 12-month target price implying modest upside from current levels, though individual targets vary across houses.

For 2025, analysts on average expect a mid-single-digit increase in revenue and a further margin improvement, reflecting expectations for gradual recovery in global tire demand and continued mix upgrade toward higher-value segments.

The product behind the stock

Michelin generates most of its revenue from tires for passenger cars, light trucks, trucks and specialty segments, including the well-known Michelin Primacy range for cars and SUVs, which focuses on fuel efficiency, wet grip and durability across multiple generations.

Where the stock trades today

The shares of Michelin (FR0000120321) trade on Euronext Paris at EUR 32.50 as of 06/17/2026, 17:35 CET.

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.