UBS AG has reiterated its "Buy" rating for Richemont shares, with a target price of 144 francs. Analyst Zuzanna Pusz believes that despite weak results from other luxury brands, investor skepticism about Richemont's growth targets could be seen as a positive sign.

However, the company's consolidated profit fell short of expectations. As of 09:38, Richemont shares were trading at CHF 123.50, down 3.3 percent. This indicates a potential upside of 16.60 percent compared to the target price. The trading volume reached 255,689 shares, and the share price has increased by 9.2 percent since the beginning of 2024.

The Q2 2025 financial results are scheduled to be released on November 8, 2024.