Soitec Shares Surge 9% to €157.75 After a 331% Rally in Three Months
The semiconductor substrate specialist leads the SBF 120 in early afternoon trading, with a 9.02% jump to €157.75. The stock posts the highest increase of the index, ahead of Vallourec (+8.96%) and STMicroelectronics (+6.83%). The session contrasts with a 0.29% decline in the SBF 120 and a 0.4% drop in the CAC 40.
JP Morgan Triples Its Price Target to €150
Yesterday, JP Morgan raised its target on Soitec from €50 to €150, while maintaining a neutral rating. The new target remains below the current price of €157.75, which did not prevent the stock from surging during the session.
This revision follows a series of records. The stock had reached €180 on May 11, a historical peak mentioned in a previous publication. The increase amounts to 331.2% over three months and 178.4% over a year, an extraordinary trajectory for a SBF 120 stock.
More information on the analysts' consensus is available. The net short positions declared to the AMF amount to 4.95% of the capital as of May 11, up by 2.81 points over 30 days. Two Sigma Investments alone holds 1.40%, ahead of Walleye Capital and Numeric Investors.
Price Stuck at the Upper Bollinger Band
The RSI at 65 indicates a still strong bullish momentum, without crossing the overbought threshold of 70. The price moves in the upper part of the Bollinger Bands, at 82% of the range, with an upper limit at €179.58. The technical resistance identified at €171.35 remains within immediate reach, about 8.6% from the current price.
The gap to the moving averages illustrates the magnitude of the underlying movement. The MM20 is at €119.95, which is 31.5% below the current price, and the MM50 at €79.09 lags by nearly 99%. This distance reflects the steepness of the rally observed since February.
The 1-month volatility stands at 25.78, indicating a high amplitude of recent sessions. Next event: the publication of the 2026 annual results on May 27.
