Citi keeps Hold on Randstad stock at EUR 36.50 target

Published on 10/09/2026 at 12:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 1.90 percent to EUR 5.90 billion. Randstad stock costs EUR 35.62 on October 9, 2026, plus 2.27 percent versus EUR 34.83.

Key points in brief

Citi maintained a Hold rating and a EUR 36.50 target for Randstad on September 25, 2026.
Second-quarter revenue rose 1.90 percent year over year to EUR 5.90 billion.
Randstad stock was EUR 35.62 at Lang & Schwarz on October 9, 2026, up 2.27 percent versus EUR 34.83.
Randstad is scheduled to report third-quarter 2026 results on October 21, 2026.

Geometrisches Bauhaus-Poster mit Farbblöcken und den Buchstaben HR und STAFF — Randstad N.V. (NL0000379121) wird als geometrisches Bauhaus-Poster mit den Sektor-Kürzeln HR und STAFF gestaltet, Illustration mit AI erstellt.

Randstad stock (ISIN NL0000379121) was trading at EUR 35.62 at Lang & Schwarz on October 9, 2026 at 12:47 p.m. CEST, up 2.27 percent versus the prior close of EUR 34.83. Citi maintained its Hold rating and a EUR 36.50 price target for Randstad on September 25, 2026, according to Markets Insider.

Second-quarter recovery gains traction

Randstad reported second-quarter revenue of EUR 5.90 billion and net profit of EUR 84.00 million, compared with EUR 5.79 billion and EUR 47.00 million a year earlier. Markets Insider reported the figures on September 25, 2026, implying revenue growth of 1.90 percent and a 78.72 percent increase in net profit.

The second-quarter earnings call also described 1.90 percent organic revenue growth and EUR 182.00 million of underlying EBITDA, an 8.00 percent year-over-year increase. The figures and operating update were published by Yahoo Finance for the July 22, 2026 call.

Three dated signals for the stock

On July 22, 2026, Randstad reported EUR 5.90 billion of second-quarter revenue; on September 18, 2026, Barclays raised its target from EUR 21.00 to EUR 24.00 while keeping an Underweight rating, as MarketScreener reported; on September 25, 2026, Citi kept Hold with a EUR 36.50 target.

What does the recovery mean for margins?

Randstad's second-quarter EBITA margin was 3.10 percent, while gross profit was down 1.50 percent year over year. The call transcript said gross margin declined 70 basis points year over year, showing that higher revenue and tighter costs have not removed mix and seasonal pressure.

The company said its operational business grew 4.00 percent in the second quarter, while Germany returned to 4.00 percent growth after a 4.00 percent decline in the first quarter. That contrast supports the recovery case, but the margin figures show why revenue growth alone is not yet the complete investment argument.

Next reporting dates are set

Randstad is scheduled to publish third-quarter 2026 results on October 21, 2026, according to Onvista. The same calendar lists February 17, 2027 for fiscal-year 2026 results, giving the next two dated reporting markers for the stock.

Stock remains below its yearly high

At EUR 35.62, Randstad stock stood 12.44 percent below its 52-week high of EUR 40.68 on October 9, 2026. Global Banking and Finance identifies Randstad as listed on Euronext Amsterdam under ticker RAND.AS and ISIN NL0000379121 in a market profile dated October 8, 2026, Global Banking and Finance reports.

The further course of trading is shown by the continuously updated real-time quote of Randstad stock.