Orange Stock at €18.12: Goldman Sachs Targets €21.60 and Upgrades to Buy

Goldman Sachs Upgrades to Buy with a Target of €21.60

On Tuesday, Goldman Sachs upgraded its recommendation on Orange from neutral to buy, raising its price target from €17.50 to €21.60. At the current price of €18.12, this new target represents a potential increase of about 19%. This revision follows a series of favorable opinions. In mid-April, BNP Paribas Exane had already raised its target to €20.50. The fundamental context is supported by the joint bid for SFR, valued at €20.35 billion with Bouygues and Free, as well as by the financing of €1.3 billion secured at the end of April for the acquisition of Scorefit. The next key dates in the financial calendar are the mixed general meeting scheduled for May 19, 2026, followed by the semi-annual results on July 28.

The Stock Breaks Through Its €18.10 Resistance

With a price of €18.12, Orange slightly exceeds its identified resistance at €18.10, which was tested at the end of April without a breakthrough. The stock is also approaching the upper limit of its Bollinger bands at €18.24, a configuration that reflects the intensity of the recent upward movement. The RSI is at 50, a neutral level contrasting with the recent dynamics: at the beginning of April, the stock had exceeded its Bollinger bands after seven consecutive sessions of gains, before pausing. The 50-day moving average, at €17.61, remains below the price, continuing the underlying trend observed over the past three months (+9.49%). Over the year, the stock has gained 42.92%. The stock has surpassed its resistance at €18.10 but remains below the upper Bollinger band limit (€18.24); the general meeting on May 19 and the semi-annual publication on July 28 will be focal points.