Analyst Sees LVMH Stock as a Top Pick in 2026

LVMH shares are being highlighted as a top investment idea for 2026 after Telsey Advisory raised its price target on the luxury group and reiterated a positive view on the stock.

Telsey Advisory lifted its price target on LVMH to EUR 715 from EUR 585 and maintained an Outperform rating, naming the company as one of its top picks across Specialty, Luxury and Beauty in its 2026 outlook.

The firm believes LVMH’s broad portfolio of globally recognised brands provides a key competitive advantage, allowing the group to navigate shifting consumer trends and regional demand patterns more effectively than peers.

According to Telsey, LVMH’s diversification underpins its long-term appeal. The analyst said this breadth positions the company well to capture growth opportunities across categories while limiting reliance on any single brand or geography.

The more upbeat stance contrasts with mixed views expressed by other brokers earlier this year. 

In October, UBS upgraded LVMH to Buy from Neutral and raised its price target to EUR 680 from EUR 513. UBS pointed to improving sales momentum, which it said should support a recovery in margins and drive a return to earnings-per-share growth.

However, sentiment has not been universally positive. Also in October, Berenberg downgraded LVMH to Hold from Buy, arguing that the long-running luxury super-cycle had come to an end. The firm forecast medium-term luxury demand growth of 2% to 3% annually, below the historical average.

According to TradingView data, 18 analysts covering the stock have a Buy rating, 11 a Neutral rating, and 1 a Sell rating.