Goldman Sachs upgraded LVMH to "Buy" from "Sell" on October 5, 2026. The firm set a price target of €500.00. This upgrade follows a period where the luxury sector faces headwinds. LVMH's stock declined significantly in 2026. Concerns over slowing growth in China contributed to this decline.
Goldman Sachs expects a rebound in LVMH's key fashion and leather goods division in 2027. LVMH shares, and others in the luxury sector, trade at a notable discount to historical valuations. LVMH's current stock price is €380.20.