Kering (KER.PA) stock forecast 2027–2029
What is the Kering (KER.PA) stock forecast?
Our forecast for Kering
€155.71by November 2027
€195.52by November 2029
From €188.54 at the November 9, 2026 close, that is a 16 % loss by 2027 and a 10 % gain by 2029, dividends included.
It blends three cases for November 2027, € per share:
- Bear10630 % chance
- Base16250 % chance
- Bull21620 % chance
Our own forecast, built from Kering's filings. It is not an average of analysts' price targets, so it can differ from them.
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Executive summary + 8 chapters · 20,880 words · 156 sources
Kering (KER.PA) key numbers
Dividend yield is a year of dividends as a share of the price.
- 1.6 %dividend yield
- Feb 17, 2027next results, expected
Prices and ratios: our report, at the November 9, 2026 close.
Where could Kering’s shares go?
Our weighted price is €155.71 in November 2027, a 16% total loss including dividends. It is €195.52 in November 2029, a 10% total return including dividends. Bear probability is 30%. Base probability is 50%. Bull probability is 20%.
What could make Kering’s base, bear and bull cases work?
Operating profit is the main driver. The base case uses €2.295 billion in 2027 and €2.720 billion in 2028. It reaches €3.108 billion in 2029. The path assumes revenue of €15.3 billion at a 15% margin initially, then €16 billion at a 17% margin. The final margin reaches the five-year average of 18.5%, but not management’s undated ambition to more than double the 11.1% margin.
The bear case requires Gucci’s recovery to stall. Weak traffic leaves stores and leases underabsorbed, smaller Houses cannot replace the lost profit, and investors reduce the multiple. The case leads to €106.14 in 2027 and €72.51 by 2029. It receives a 30% probability because Gucci retail fell 9% comparably in the latest quarter and historical net debt has risen quickly when investment and acquisitions coincide with weak earnings.
The bull case requires new Gucci products to restore traffic and full-price sell-through. Bottega Veneta, jewelry and eyewear add breadth, while cost discipline improves operating leverage. The case leads to €215.50 in 2027 and €364.95 by 2029. It receives a 20% probability because the required recovery is possible, but current traffic remains weak and management’s margin ambition has no fixed deadline.
The forecast's table · base case, then bear / bull in brackets; EUR millions, per share in EUR, unless shown · November 2027
- Normal operating profit2,295 (1,813 / 2,669)
- Shares (millions)123 (123 / 123)
- Dividends per share3.00 (1.50 / 3.50)
- Enterprise value to normal operating profit10.00 (9.00 / 11.00)
- Net debt3,137 (3,285 / 2,932)
Bull case, 20 % chance: if it goes right
€364.95 by November 2029, +103 % with dividends.
Bear case, 30 % chance: if it goes wrong
€72.51 by November 2029, −58 % with dividends.
The next test: results expected February 17, 2027
How much cash does Kering really make?
Free cash flow is cash left after operating activity and selected investment spending. A stricter view starts with operating cash, then deducts capital spending, lease payments and interest. Deducting stock pay as well recognises its economic cost or dilution, even though it is not a second cash payment.
Questions about Kering (KER.PA) stock
Where will Kering stock be in 5 years?
Our report's forecast goes to November 2029. By then it puts the shares between €72.51 in the bear case and €364.95 in the bull case, and at €195.52 with the three cases weighted by their chances. It makes no forecast past November 2029.
When is Kering's next earnings date?
Results are expected on February 17, 2027. Kering earnings: the next date and the last eight quarters →
Does Kering pay a dividend?
Yes. At the November 9, 2026 close, a year of dividends came to 1.6 % of the share price (our report). Kering dividend →
Who are Kering's competitors?
Our report compares Kering with LVMH.
Why is this forecast different from analysts' price targets?
Analysts' price targets average the share prices that brokerage analysts expect. Our report builds its own three cases from Kering's filings, gives each a chance and counts dividends.
More on Kering (KER.PA)
This page gives the forecast. The report gives the reasons.
The full report: an executive summary and 8 chapters, 20,880 words, 50 tables. Its first page opens here, no account needed.
How it is made: AI reads Kering's filings, writes the report, checks the numbers against them and cites each source, 156 in this one. How we work · Corrections
Read Kering's full report freeNew accounts get one company's ready report free. No card.
Information only, not investment advice. The forecast gives three cases with their chances; it promises no price. Prices are those of the date shown.