Amundi's Stock Sets a New Record at €83.45 After UBS Targets €90
The asset manager continues its upward trajectory. At the opening of the session on Wednesday, May 6, 2026, the stock hit €83.45, a new all-time high, surpassing the previous peak of €83.35 reached the day before. However, the price was slightly down at €83.20 in early morning trading, a decrease of 0.18%.
A New Historical High Achieved Despite a Tense Setup
Amundi's stock recorded a new record at €83.45 at the opening, extending the bullish sequence that began in late April with a record quarterly inflow of €32 billion. Over seven sessions, the stock has gained 9.55%. This surge occurs in a technically loaded setup. The price is moving above the upper Bollinger band set at €83.07, indicating an overbought signal. The RSI is at 70, the traditional threshold for entering a tense zone. The MM50 is significantly lagging at €76.37. Meanwhile, the CAC 40 is up 1.32% during the session, at 8,168 points.
UBS Raises Its Target, Next Milestone on June 2
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In terms of recommendations, UBS raised its price target on Amundi from €84 to €90 on May 4, with a buy rating. This new target offers a potential of about 8% above the current price. On the fundamentals side, the commercial dynamics of the manager are driven by Asia (€29 billion collected over nine months in 2025) and ETFs (assets exceeding €300 billion). However, the company identified a major point of vigilance during the Q3 2025 report: uncertainty regarding the renewal of the distribution contract with UniCredit, expiring in July 2027. The immediate schedule is known: general meeting on June 2, dividend detachment on June 9, and payment on June 11. Second quarter results will be published on July 30.
Au troisième trimestre, Amundi a prolongé les dynamiques positives avec une collecte de +15 Md€, une hausse des revenus de +5% et une progression du résultat avant impôt de +4 %.
Collecte soutenue (9M +67 Md€, T3 +15 Md€), encours record 2 317 Md€, croissance des revenus (+4,9 % 9M ajusté), forte progression d'Amundi Technology (+48% 9M/9M) et bonne dynamique des ETF (+28 Md€ 9M). Résultats ajustés en hausse: résultat avant impôt ajusté 9M 1 340 M€, résultat net ajusté 9M 978 M€.
Risks mentioned
Incertitude sur le renouvellement du contrat de distribution UniCredit à échéance juillet 2027
Risque de change: effet défavorable du dollar US (-12%) et de la roupie indienne (-15%) sur les encours
Risque de réallocation de l'EPFO pouvant entraîner sorties pour SBI FM (30-40 Md€ évoqués)
Volatilité des marchés pouvant impacter les encours et la collecte
Opportunities identified
Croissance en Asie (collecte 9M +29 Md€, forte contribution des JV et distribution directe)
Distribution Tiers et plateformes digitales (collecte 9M +21 Md€, 34% de la collecte via plateformes digitales)
Actifs privés et stratégies Megatendances (levée Mégatendances III 0,3 Md€)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
