EssilorLuxottica stock falls 47 percent as targets reset

EssilorLuxottica stock (ISIN FR0000121667) closed at EUR 142.80 on Euronext Paris on September 22, 2026, down 1.4 percent. The move followed a fresh reset in analyst expectations, while the company enters the next reporting phase with growth still concentrated in newer eyewear categories.

RBC cuts target to EUR 190

According to Interactive Investor on September 22, 2026, RBC Capital Markets maintained an Outperform rating but reduced its price target from EUR 230 to EUR 190. The EUR 40 reduction still leaves the target EUR 47.20 above the September 22 close, a difference of 33.06 percent.

Market report also recorded a more constructive September 22 view from Jefferies, which kept a Buy rating and a EUR 250 target after an expert discussion. The gap between the two targets shows how sharply valuation assumptions differ even while both views were published on the same date.

First half growth remains visible

In the second quarter of 2026, EssilorLuxottica generated revenue of EUR 7.692 billion, up 7.2 percent year over year, according to Stock World on September 23, 2026. Revenue growth for the first half of 2026 reached 9.7 percent on a currency-adjusted basis, placing the newer product categories ahead of the more mature frames and vision-correction business.

The same September 23 report said smart-eyewear revenue nearly doubled in the second quarter of 2026. Global AI-glasses shipments rose 263 percent year over year in the first half of 2026, based on data attributed to Counterpoint Research in a report carried by Aktiencheck on September 22, 2026. The comparison matters because the company is expanding in a category growing much faster than its established core.

Next checkpoint arrives October 20

EssilorLuxottica identifies its first-half 2026 results, dated July 28, 2026, as its latest reported interim period. The next explicitly scheduled reporting checkpoint is the third-quarter 2026 activity update on October 20, 2026, according to Market report.

Stock remains below yearly high

The September 22 close of EUR 142.80 came after a 47 percent year-to-date decline, as reported by Market report. For investors, the central numerical tension is clear: second-quarter revenue grew 7.2 percent, yet the share price remained 47 percent lower year to date, leaving the October update important for testing whether growth can narrow the valuation gap.

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