Campari Group (DVDCF) Stock Forecast & Price Target

Campari Group
Bear Case

Investors should be bearish about investing in Davide Campari-Milano for these reasons:

• Davide Campari-Milano faces continued headwinds from trade tariffs and currency effects, which management expects will temper sales and earnings growth in 2026, impacting overall profitability and stock performance.
• The company experienced a significant decline in short interest in June 2026, with short interest dropping 34.5% from 23.8 million shares to 15.6 million shares, indicating that some investors may be exiting bearish positions due to concerns about the company's near-term outlook.
• Despite recent upgrades, the stock has shown volatility, including a gap down of 0.3415 on September 4, 2026, and a percent decline on August 27, 2026, suggesting that market sentiment remains uncertain and the stock may be susceptible to further downward pressure.
• The company's U.S. bourbon business, including Wild Turkey, has faced a slump, which has offset some of the growth in its aperitifs segment, highlighting the risk of underperformance in key product categories and geographic markets.
• Davide Campari-Milano has a high short interest ratio, with days to cover exceeding 999 in recent months, indicating that it could take a significant amount of time for short sellers to cover their positions, which may limit upward price momentum and create selling pressure.