Carrefour S.A., FR0000120172

Bernstein holds Carrefour stock at Market-Perform with EUR 15.00 target

Published on 10/09/2026 at 12:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein kept its EUR 15.00 target on October 8, 2026. Carrefour stock was EUR 16.00 on October 9, 2026, versus EUR 16.11.

Key points in brief

Bernstein kept Carrefour at Market-Perform with a EUR 15.00 target on October 8, 2026.
Carrefour reported EUR 40.404 billion in first-half 2026 revenue and EUR 30.0 million in net income.
The Lang & Schwarz price was EUR 16.00 on October 9, 2026, down 0.68 percent from EUR 16.11.

Carrefour FR0000120172 Isometrisches 3D Würfel Einkaufswagen Lieferwagen Hochregallager — Isometrische 3D-Darstellung mit Einkaufswagen und Lieferwagen veranschaulicht Carrefour, ISIN FR0000120172, integrierte Handels- und Lagerlogistik, Illustration mit AI erstellt.

Bernstein Research kept Carrefour at Market-Perform with a EUR 15.00 target in a study released on October 8, 2026, according to Aktiencheck. The recommendation keeps the target EUR 1.00 below the Lang & Schwarz price of EUR 16.00 on October 9, 2026.

Three dated signals for Carrefour

On September 18, 2026, Carrefour placed a EUR 500.0 million bond with a 4.25 percent coupon and maturity in May 2032, as TradingSat reported. On October 2, 2026, Alphavalue cut its target from EUR 16.60 to EUR 16.50 while retaining a Reduce rating, according to Ideal Investisseur.

The October 8 Bernstein note is the latest of the three signals. Its EUR 15.00 target is EUR 1.50 below the EUR 16.50 Alphavalue target, showing a more cautious valuation range even as both assessments remain tied to Carrefour's first-half operating picture.

First-half figures frame the debate

Carrefour's first-half 2026 revenue reached EUR 40.404 billion, while EBITDA was EUR 1.865 billion and net income was EUR 30.0 million, figures summarized by Ideal Investisseur. The company had also achieved EUR 490.0 million of a EUR 1.0 billion cost-saving target for 2026, equal to 49.00 percent of the plan.

The figures leave investors weighing scale against profitability. Revenue was substantial, but the EUR 30.0 million net income figure and the analyst targets below the market quote keep execution and margins central to the valuation discussion.

What does the EUR 15.00 target imply?

The target creates a EUR 1.00 gap below the October 9 Lang & Schwarz price, while Carrefour's EUR 11.3 billion market capitalization places the company among the larger listed European food retailers. Its 52-week range of EUR 12.63 to EUR 17.54 leaves the current quote EUR 1.54 below the yearly high.

Carrefour stock trades below its yearly high

Carrefour stock was trading at EUR 16.00 at Lang & Schwarz on October 9, 2026, at 12:04 p.m. CEST. The price was down 0.68 percent versus the Lang & Schwarz prior close of EUR 16.11 on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Carrefour stock.