Stellantis Shares Jump 3.58% at Close, Boosted by Goldman Sachs
Stellantis ended the Monday, November 24 session on a high note, climbing 3.58% to 8.75 euros, marking the highest gain in the CAC 40. The automaker has had a second consecutive positive session, while the Paris index fell by 0.29%.
Goldman Sachs Initiates Coverage
Goldman Sachs began monitoring the stock on Monday, rating it as 'Neutral' with a target price set at 9 euros, indicating a potential upside of nearly 3% from the closing price. This recommendation comes as the Stellantis stock has been on a strong downward trajectory for the past twelve months, declining by 30.12% over the year, significantly underperforming the CAC 40 which gained 9.71% over the same period. Over the last seven days, the stock has still lost 2.91%, despite the rebound in the last two sessions. Trading volumes remain moderate with 0.14% of capital traded, reflecting a certain caution from investors facing a file marked by operational difficulties and target revisions. Technically, the stock is slightly above its 50-day moving average, now at 8.76 euros, signaling a possible short-term inflection point. The RSI is at 42, in neutral territory but still far from the oversold zone, while the MACD remains negative with a line at -0.18 and a histogram at -0.07. However, the convergence between the MACD line and its signal line suggests a possible stabilization of the downward trend. The price is currently between a support at 8.20 euros and a resistance at 9.70 euros, close to the upper limit of the Bollinger Bands.
Recent Strategic Announcements
The recent context of the group remains marked by several strategic announcements. Stellantis announced on Friday the reintegration of Jon Nelson into the company in the newly created position of head of financial services and leasing companies, under the supervision of Joao Laranjo, the financial director. This appointment is part of the restructuring undertaken by the manufacturer to improve its profitability and develop its financial services. Last week was also marked by the announcement of an agreement for a potential factory in Saudi Arabia, as well as the launch of a partnership with Verra Mobility for embedded payments and the integration of the Tesla Supercharger network for its electric vehicles. These initiatives come in a challenging environment for the group. The net profit for 2024 was set at 5.5 billion euros, down 70%, with an operating income at 8.6 billion euros, down 64% and a margin at 5.5%. For 2025, Stellantis anticipates positive revenue growth with an operating margin at 'single digit' and the generation of positive industrial free cash flow, a goal that reflects the management's caution in the face of commercial challenges, particularly in North America.
Stock Positioning at 8.75 Euros
The positioning of the stock at 8.75 euros remains vulnerable, well below its 200-day moving average set at 9.06 euros, confirming the underlying bearish trend. The one-month volatility stands at 13.17%, reflecting the ongoing uncertainties surrounding the group's ability to improve its performance. Breaking through the resistance at 9.70 euros would be an important technical signal to validate a sustainable recovery, while a break below the support at 8.20 euros could pave the way for new lows. In the third quarter of 2025, Stellantis announced a 13% increase in its revenue, driven by North America and Europe, confirming a positive momentum with the publication of a net revenue of 37.2 billion euros, ending several consecutive quarters of decline. This sequential improvement, coupled with Goldman Sachs entering the coverage of the stock, could initiate a stabilization phase, provided that the group meets its commercial recovery commitments for the second half of 2025.
