Hermès: Oddo BHF raises target price
(CercleFinance.com) - While maintaining its 'neutral' rating on Hermès shares, Oddo BHF has raised its target price to E2,745, in the wake of revised earnings forecasts for the coming years and the consideration of more favourable long-term parameters.
Notably pointing to spectacular topline growth of almost 18% in the last quarter, with strong growth in all regions, the broker is raising its 2025 and 2026 EBIT forecasts for the luxury house by almost 4%.
The company's fundamentals remain exceptional (strong, resilient growth), but the extent of the re-rating observed on the share in recent years prompts a degree of circumspection, Oddo BHF judges, however.
It notes that, prior to 2025, the share price had risen by an average annual rate of close to 30% over the previous six years. Oddo BHF's TP does not suggest any upside prospects, given that the current share price has already risen by over 20% since the beginning of 2025.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Notably pointing to spectacular topline growth of almost 18% in the last quarter, with strong growth in all regions, the broker is raising its 2025 and 2026 EBIT forecasts for the luxury house by almost 4%.
The company's fundamentals remain exceptional (strong, resilient growth), but the extent of the re-rating observed on the share in recent years prompts a degree of circumspection, Oddo BHF judges, however.
It notes that, prior to 2025, the share price had risen by an average annual rate of close to 30% over the previous six years. Oddo BHF's TP does not suggest any upside prospects, given that the current share price has already risen by over 20% since the beginning of 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.