Eutelsat Shares Soar 10% in Session Despite Lower Analyst Target

Revised Price Target by Deutsche Bank

On April 22, the German bank raised its price target on Eutelsat Communications from €2.30 to €2.40, while maintaining a 'hold' recommendation. This signals a moderate adjustment in the valuation adopted by the institution, but does not constitute a call to buy. At €2.98 during the session, the stock is already trading well above this new target, implying a theoretical downside potential of about 19% according to this estimate. This movement occurs in a market context generally oriented downwards: the CAC 40 is down 0.39% in session at 8,203 points, while the SBF 120 loses 0.36%. The next financial calendar event for Eutelsat is set for May 12, with the publication of the third quarter 2026 revenue, an event that could provide new elements for assessing the group's commercial trajectory.

Technical Indicators Signal Overbuying

Eutelsat's share price is now above the upper limit of the Bollinger Bands, set at €2.79, which indicates a potential overbought signal. With an RSI at 70, a classic threshold for moving into an overheating zone, the recent bullish momentum could call for a consolidation phase. The stock is also well beyond its 50 and 200-day moving averages, respectively positioned at €2.21 and €2.72, confirming the magnitude of the movement initiated in recent weeks. Over three months, the stock has gained 26.27%, while its performance over one year remains slightly negative, at -2.55%. The nearest resistance, identified at €2.80, was breached during the session, with the stock establishing itself at €2.98. Monthly volatility remains high, at 22.90%, in a context where the negative beta of -0.52 historically indicates a decoupling from the market as a whole.