ALTEN Shares Decline Again, Yet AlphaValue Sees a +45% Potential

AlphaValue Maintains Positive Outlook Despite Slightly Lowered Target

This Wednesday, AlphaValue/Baader Europe reaffirmed its buy recommendation on ALTEN, while reducing its price target from 83.60 to 82.90 euros. Based on the current price of 57.00 euros, this target suggests a theoretical appreciation potential of about 45%. The gap remains significant with the recent trajectory of the stock, which has seen a decline of 21.6% over three months and 19.66% over a year. The financial calendar also indicates an upcoming general meeting scheduled for June 18, 2026, followed by the publication of the second quarter revenue figures on July 28. In terms of sector comparables, Capgemini is up by 3.29% during the session and Sopra Steria Group has gained 16.67%, indicating contrasting dynamics within the technology consulting sector.

Technical Setup at the Contact of Moving Averages

From a chart perspective, the price is currently near its 50-day moving average, set at 57.28 euros, which it has just slightly fallen below. The 200-day moving average, at 67.11 euros, remains significantly higher, indicating a gap of about 9.83 euros that reflects the underlying bearish trend of recent months. The RSI is at 50, in a strictly neutral zone, signaling neither an overbought nor oversold condition. Bollinger Bands frame the stock between 49.07 euros for the lower bound and 60.75 euros for the upper bound, with the price in the upper part of this range. Technical thresholds to watch include the support at 51.60 euros, already tested in early April, and the resistance at 60.00 euros, a level the stock has struggled to maintain in recent attempts. The next key event to watch is the publication of the second quarter revenue figures, expected on July 28, 2026.