Renault Shares Jump 2.56% Despite a Declining CAC 40

Renault Records Best Session in Weeks Amid Unfavorable Market Conditions

Renault's stock marked its best session in several weeks, despite an unfavorable market backdrop. The stock is trading near its support threshold at 28.06 euros, after losing nearly 20% in three months and 38.8% over a year. This surge follows Tuesday's presentation of the futuREady strategic plan. Renault outlined its ambition to achieve two million vehicles sold and a 100% electrified fleet in Europe by 2030, focusing on three pillars: European consolidation, widespread electrification, and international expansion. Concurrently, its subsidiary Dacia unveiled its own roadmap, featuring four electric models planned by 2030, confirming a focus on accessible mobility. Technically, the RSI is at 13, a particularly low level indicating a marked oversold condition. The price is well below its 50-day (32.24 euros) and 200-day (35.03 euros) moving averages, reflecting an underlying bearish trend despite the day's rebound.

Mediobanca Revises Price Target for Renault, Maintains Neutral Recommendation

This Wednesday, Mediobanca revised its price target for Renault's stock, lowering it from 52.00 to 50.00 euros, while maintaining a neutral recommendation. Despite this reduction, the Italian bank's target suggests a potential upside of over 73% from the current price of 28.89 euros. This significant gap between the analyst's valuation and the market price reflects the uncertainties surrounding the group's trajectory, in a context of high market tensions, as evidenced by a VIX index of 29.49 recorded on March 6. Renault's next financial milestone is scheduled for April 23, with the release of its first-quarter 2026 revenue, followed by the annual general meeting on April 30. These events will provide an opportunity to assess the initial concrete impacts of the futuREady strategy and evaluate whether the commercial momentum supports the ambitions set forth by the management.