Deutsche Bank raises target for Pernod Ricard stock to EUR 63

Pernod Ricard (ISIN FR0000120693) was trading at EUR 60.46 at Lang & Schwarz on October 7, 2026 at 10:16 a.m. CEST, up 2.47 percent versus the EUR 59.00 prior close. The latest market catalyst is Deutsche Bank's target increase from EUR 61.00 to EUR 63.00, reported by ABC Bourse on September 30, 2026. The bank retained its Hold recommendation.

Deutsche Bank raises target to EUR 63

Deutsche Bank's target move was not based on a stronger near-term sales outlook. According to ABC Bourse on September 30, 2026, the bank cut its fiscal 2026/2027 organic revenue growth estimate from minus 0.10 percent to minus 0.30 percent and expects organic operating profit to decline 2.40 percent.

The higher target instead reflects improved earnings assumptions linked to the stronger US dollar. Deutsche Bank raised its earnings-per-share estimate by 1.30 percent for fiscal 2026/2027, 1.90 percent for fiscal 2027/2028 and 2.00 percent for fiscal 2028/2029, according to the same dated report from ABC Bourse.

Fiscal 2026 sales set the hurdle

Pernod Ricard reported fiscal 2026 revenue of EUR 9.4 billion, down 14.20 percent, with net income of EUR 1.2 billion and free cash flow of EUR 1.2 billion, according to Ideal Investisseur. Management expects broadly stable organic revenue in fiscal 2027, leaving the next sales update as the key test of whether the decline is stabilizing.

The company lists fiscal 2026 full-year results and its investor calendar on its Pernod Ricard investor page. The scheduled first-quarter fiscal 2027 sales release is October 15, 2026 at 7:30 a.m. CEST, giving investors a near-term date for testing the cautious outlook.

Jefferies sees a wider valuation gap

Jefferies remains more optimistic than Deutsche Bank. The brokerage retained a Buy recommendation and a EUR 90.00 target, according to ABC Bourse on September 30, 2026. That gap reflects different assumptions about the timing of a recovery in the United States and China.

For the market, the contrast is clear: Deutsche Bank sees a EUR 63.00 target alongside declining organic estimates, while Jefferies assigns EUR 90.00 if business trends improve from the second quarter of fiscal 2026/2027. The October 15 sales figure will provide the next concrete comparison against those expectations.

Stock rebounds but stays below its high

Pernod Ricard stock was trading at EUR 60.46 at Lang & Schwarz on October 7, 2026 at 10:16 a.m. CEST, plus 2.47 percent versus the EUR 59.00 prior close. The quote sits within a 52-week range of EUR 57.86 to EUR 90.34, while market capitalization stood at EUR 15.2 billion on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Pernod Ricard stock.

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