EssilorLuxottica stock rebounds by nearly 3%, leading the CAC 40
EssilorLuxottica is standing out this Friday, driving the CAC 40's bullish momentum while most of the market's defensive stocks struggle to advance. The stock's rebound occurs in a globally calmer market context, with the VIX falling to 14.48 this Friday, and as Bernstein raised its price target on Wednesday, August 26.
A 2.7% rebound that places EssilorLuxottica among the CAC 40's best performers
The EssilorLuxottica stock gains 2.7% to €161.75 during the session, starting from a close of €157.50 the previous day. This surge places the stock among the strongest gains of the CAC 40, which itself rises by nearly 1% during the session, in a weekend atmosphere without particular tension. The SBF 120 displays a similar gain, at +0.91%. Over the week, the balance remains nearly stable: the seven-day performance does not exceed +0.34%, which puts the scale of today's movement into perspective.
Over one month and three months, the stock loses 2.21% and 7.39% respectively, and the one-year performance remains heavily negative, at -39.31%. Today's rebound thus only partially compensates for the declines accumulated over longer periods. In this context, the Ray-Ban Meta eyeglass equipment program launched in Ireland on August 24, which targets blind and visually impaired individuals in partnership with EssilorLuxottica, demonstrates the growing commercial reach of the joint venture with Meta.
Bernstein raises its price target to €200 while the stock remains below its three moving averages
On Wednesday, August 26, Bernstein raised its EssilorLuxottica price target from €185 to €200, while maintaining its rating at 'market perform'. Relative to the current price of €161.75, this target implies upside potential of approximately 24%. Despite today's move, the stock's technical setup remains deteriorated: the price evolves below the 20-day moving average at €165.10 (gap of -2.03%), below the 50-day moving average at €166.87 (gap of -3.07%), and well below the 200-day moving average at €214.93 (gap of -24.74%). These three averages form a collective ceiling above the current price.
The RSI at 37 reflects persistent selling pressure without reaching extreme oversold levels, while the MACD remains in negative territory, its histogram at -0.71 indicating that the underlying bearish momentum has not yet been erased. To find a first significant resistance level, the stock will need to break through the €172.30 zone, representing a gap of approximately 6.5% from the current price. The first-half 2026 results, published on July 28, had highlighted a 15% increase in adjusted operating profit at constant exchange rates and a free cash flow of €1.07 billion, but also the impact of unfavorable currencies on the margin, which stood at 18.6% versus 18.9% at constant rates.
