Oddo BHF raised target for Adecco stock from CHF 23.00 to CHF 27.00

Published on 10/08/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 organic revenue rose 5.60 percent year on year on August 6, 2026. Adecco stock costs EUR 25.33 on October 8, 2026, down 1.29 percent.

Adecco, CH0012138605, Illustration mit AI erstellt.

Adecco stock was trading at EUR 25.33 at Lang & Schwarz on October 8, 2026, versus the prior close of EUR 25.66 on October 7, a calculated change of minus 1.29 percent. According to Investir on September 29, 2026, Oddo BHF raised its Adecco target from CHF 23.00 to CHF 27.00 while keeping a neutral rating.

Three milestones shaped the year

On August 6, 2026, Adecco reported second-quarter organic revenue growth of 5.60 percent year over year, according to Yahoo Finance. On September 15, 2026, the company announced the rollout of its Agentforce Coworker solution across 40 countries, as MarketScreener reported. On September 29, 2026, Oddo BHF lifted its target to CHF 27.00 from CHF 23.00.

What the target raise changes

The new target implies a CHF 4.00 increase, or 17.39 percent, from Oddo BHF's former level. The same report kept the recommendation neutral and projected organic growth of 6.00 percent in the third quarter and 4.00 percent in the fourth quarter, below the 14.00 percent and 12.00 percent comparisons cited for the first and second quarters.

The second-quarter operating picture gives the target revision a measurable foundation. Yahoo Finance reported adjusted EBITA excluding one-offs of EUR 165.0 million, up 21.00 percent year over year, while adjusted earnings per share increased 31.00 percent. Revenue grew 5.60 percent on an organic, 20-day adjusted basis.

The counterweight is execution in weaker parts of the portfolio. The second-quarter call cited stabilization in permanent placement, but Adecco France revenue declined 1.00 percent year over year and Akkodis revenue in Germany declined 3.00 percent. At group level, the adjusted EBITDA margin excluding one-offs reached 2.80 percent, 30 basis points higher year over year.

What dates come next

MarketScreener lists November 11, 2026, as the date for Adecco's third-quarter 2026 earnings release. That report will test whether the sequential improvement described in the second-quarter call is translating into sustained margin progress.

Stock price and investor perspective

Adecco's euro quote was EUR 25.33 at Lang & Schwarz on October 8, 2026 at 2:37 p.m. CEST, down 1.29 percent versus the prior close of EUR 25.66 on October 7. The CHF 27.00 target from Oddo BHF and the upcoming November 11, 2026 results date put margin delivery and growth conversion at the center of the next assessment. The further course of trading is shown by the continuously updated real-time quote of Adecco stock.