UBS keeps EUR 35 target for Michelin stock

Published on 10/14/2026 at 13:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached EUR 12.70 billion, up 0.50 percent at constant rates. Michelin stock costs EUR 34.03 on October 14, 2026 at EUR 23.5 billion value.

Michelin dates and operating figures

UBS retained a Neutral rating and EUR 35.00 target on October 9, 2026.
First-half 2026 revenue reached EUR 12.70 billion at constant exchange rates.
Michelin stock traded at EUR 34.03 at 1:41 p.m. CEST at Lang & Schwarz on October 14, 2026.
Michelin's market value was EUR 23.5 billion on October 14, 2026.
Third-quarter and nine-month sales are scheduled for October 20, 2026.

Flatlay-Foto mit Aktienzertifikat, ISIN-Karte, Reifenprofil und Gummigranulat — Compagnie Générale des Établissements Michelin FR001400AJ45 zeigt Flatlay mit Aktienzertifikat, ISIN-Karte und Reifenprofil-Muster arrangiert, Illustration mit AI erstellt.

Michelin (ISIN FR001400AJ45) traded at EUR 34.03 at Lang & Schwarz on October 14, 2026 at 1:41 p.m. CEST. On October 9, 2026, FinanzNachrichten reported that UBS retained a Neutral rating and a EUR 35.00 price target for the tire maker.

Analyst caution meets operating progress

The UBS note highlighted Chinese competitive pressure before European automotive companies report their next results. The target sits EUR 0.97 above the Lang & Schwarz price, a gap of 2.77 percent calculated against EUR 35.00.

Michelin's latest reported operating figures remain more constructive. In the first half of 2026, revenue reached EUR 12.70 billion, up 0.50 percent at constant exchange rates, while segment operating income reached EUR 1.45 billion, or an 11.40 percent margin, according to Motorhub on July 27, 2026.

What does the target imply?

The EUR 35.00 target places the analyst reference above the current euro quote, while the first-half margin improved from 11.10 percent to 11.40 percent year over year. Free cash flow before mergers and acquisitions reached EUR 282.00 million in the first half of 2026, compared with a EUR 102.00 million outflow in the first half of 2025.

Three dated milestones frame the outlook

On July 27, 2026, Michelin reported EUR 12.70 billion of first-half revenue and confirmed its full-year guidance through Motorhub. On September 23, 2026, FinanzNachrichten reported that Jefferies retained a Buy rating and a EUR 40.00 target. On October 9, 2026, UBS retained Neutral with a EUR 35.00 target, making the analyst range EUR 5.00 wide.

Next dates for Michelin

Michelin's investor calendar schedules a pre-close call for October 1, 2026 and third-quarter and nine-month sales for October 20, 2026, according to the company's investor calendar. The October 20 release is the next dated operating checkpoint for revenue and market demand.

Michelin stock at EUR 34.03

Michelin traded at EUR 34.03 at Lang & Schwarz on October 14, 2026 at 1:41 p.m. CEST. Its market value was EUR 23.5 billion on the same date, while Euronext Paris is the primary exchange and the CAC 40 is the reference index.

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