Soitec stock gains 4%, driven by growth in Photonics-SOI
Supported by the upward revision of its growth forecasts and analyst upgrades, Soitec stock confirms its bullish momentum. The shares of the Isère-based semiconductor substrate manufacturer once again lead the SBF 120, in a Paris market that is losing ground slightly.
HSBC and Oddo BHF revise their targets upward, stock exceeds its 50-day moving average by 16%
This Friday, Soitec advances 4.09% to €128.55, leading the SBF 120 in an index declining 0.15% during the session. Two analyst rating revisions illuminate this movement. Oddo BHF raised its price target from €150 to €175 with a "outperform" opinion, published Thursday, September 3, representing an upside potential of approximately 36% compared to the current price.
HSBC, for its part, raised its target from €137 to €149 this Friday, maintaining its "hold" rating, which corresponds to a gap of approximately 16% with the current level. These two revisions come in the wake of Soitec's upward revision of its second quarter 2026-2027 revenue forecast, now expected to grow by approximately 50% year-on-year, driven by accelerating demand in Photonics-SOI. Over the week, the stock shows a gain of 16.33%, and 17.61% over the month.
Price significantly above its moving averages, resistance at €133.50 in sight
After the 14% jump recorded in the previous session, the stock is consolidating while remaining well anchored above its moving averages. The price exceeds the 50-day moving average by 16.78% (€110.08) and the 20-day moving average by 10.03% (€116.83), reflecting a well-established bullish dynamic in the short term. The RSI at 49 remains neutral, signaling that the recent movement has not generated an overbought configuration despite the amplitude of weekly gains.
The next identified resistance level stands at €133.50, approximately 3.9% above the current price. Over one year, Soitec shows a gain of 289%, while the valuation now incorporates elevated multiples: according to the consensus of analysts surveyed, the stock is trading at approximately 45 times the expected earnings for the following fiscal year, a level that reflects expectations of strong growth around Photonics-SOI business.
