Goldman Sachs and UBS analysts gave Hermès the first batch of sales ratings in over a year, believing that the platinum bag manufacturer's revenue growth will fall short of market expectations, and the stock price will continue to outperform the market. Goldman Sachs analysts led by Erwin Rammble wrote that the company “clearly came to an end in the past era of continuous quarterly double-digit year-on-year growth.” The slowdown in growth is mainly due to the weakening of non-leather goods categories, which target more brand-seeking consumers. Goldman Sachs has set a target price of 1,350 euros for Hermès; the stock closed at 1299.50 euros last Friday. UBS analyst Zuzanna Push downgraded the Hermès rating from neutral, focusing on the increase in the supply of Hermès products in the second-hand market, the increase in the share of non-quota packages, and the return of revenue in the resale market to normal, making the product demand-driven nature stronger and more cyclical. She added that market expectations still anchor growth forecasts for the leather goods sector, but the credibility of such predictions is declining. UBS drastically lowered the Hermès price target from €1,695 to €1,168.

Goldman Sachs and UBS analysts gave Hermès the first batch of sales ratings in over a year, believing that the platinum bag manufacturer's revenue growth will fall short of market expectations, and the stock price will continue to outperform the market. Goldman Sachs analysts led by Erwin Rammble wrote that the company “clearly came to an end in the past era of continuous quarterly double-digit year-on-year growth.” The slowdown in growth is mainly due to the weakening of non-leather goods categories, which target more brand-seeking consumers. Goldman Sachs has set a target price of 1,350 euros for Hermès; the stock closed at 1299.50 euros last Friday. UBS analyst Zuzanna Push downgraded the Hermès rating from neutral, focusing on the increase in the supply of Hermès products in the second-hand market, the increase in the share of non-quota packages, and the return of revenue in the resale market to normal, making the product demand-driven nature stronger and more cyclical. She added that market expectations still anchor growth forecasts for the leather goods sector, but the credibility of such predictions is declining. UBS drastically lowered the Hermès price target from €1,695 to €1,168.