Michelin stock: UBS keeps EUR 35.00 target for Michelin stock

Published on 10/16/2026 at 17:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was EUR 12.69 billion in second-quarter 2026. Michelin stock costs EUR 33.68 on October 16, 2026, down 1.20 percent versus Euronext close.

Analyst target and reporting date

UBS maintained a EUR 35.00 target for Michelin on October 9, 2026.
Michelin reported EUR 12.69 billion in quarterly revenue for the period ended June 30, 2026.
Michelin stock costs EUR 33.68 at 5:20 p.m. CEST on October 16, 2026, down 1.20 percent versus the Euronext Paris close of October 15, 2026.
Michelin is scheduled to report third-quarter and nine-month revenue on October 20, 2026.

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UBS maintained a Hold rating and a EUR 35.00 price target for Michelin on October 9, 2026. At EUR 33.68, Michelin stood 3.92 percent below that target in the same currency. The stock was last at EUR 33.68 on Euronext Paris on October 16, 2026 at 5:20 p.m. CEST, down 1.20 percent versus the Euronext Paris close of October 15, 2026.

Revenue sets the operating baseline

Michelin reported EUR 12.69 billion in quarterly revenue for the period ended June 30, 2026, according to Markets Insider. The same report put quarterly net profit at EUR 761 million. For investors, the upcoming revenue update matters because it will provide the next company-specific check on demand and pricing.

Stock stays below EUR 35.72

Michelin traded within a EUR 26.81 to EUR 35.72 52-week range as of October 16, 2026. The latest price was 5.71 percent below the 52-week high, while the stock was 25.62 percent higher year to date. Euronext Paris data also showed 199,428 shares traded by 12:35 p.m. CEST, against an average daily volume of 1,493,296 shares.

Valuation meets the next date

The company had a market capitalization of EUR 22.8 billion and a price-to-earnings ratio of 14.86 as of October 16, 2026. Its indicated dividend yield was 3.89 percent. Michelin's investor calendar lists third-quarter and nine-month revenue for October 20, 2026, on the company's Michelin finance page.

Comparison with peers

Michelin: minus 1.20 percent, P/E 14.86, market capitalization EUR 22.8 billion
Continental (Xetra, EUR): plus 0.31 percent, P/E minus 53.16, market capitalization EUR 14.1 billion
Bridgestone (Tokyo Stock Exchange, JPY): plus 0.87 percent, P/E 12.46, market capitalization JPY 4.98 trillion

Price and target in view

The UBS target of EUR 35.00 sits 3.92 percent above Michelin's EUR 33.68 price. The next scheduled revenue release on October 20, 2026 gives the market a dated checkpoint for the operating trend.