Teleperformance Shares Bounce Back Mid-Day Despite Sector Turbulence
On Thursday, January 22, mid-day, Teleperformance saw a rise of 3.41% to reach 60.66 euros, up from a previous close of 58.66 euros. This improvement occurs amidst sectoral pressure, recently marked by the announcement of fourth-quarter losses by its American competitor Concentrix, related to a goodwill impairment of approximately 1.5 billion dollars. Over three months, the stock still shows a decline of 10%, reflecting persistent investor concerns about the challenges faced by the global leader in outsourced customer relations.
Stock Performance and Technical Indicators
The stock of the customer relations specialist advanced this Thursday after breaking through its support level at 57.18 euros, a level tested during recent sessions. The price now slightly exceeds its 50-day moving average placed at 59.85 euros, confirming a short-term renewed interest. The major resistance remains at 64.12 euros, a threshold corresponding to the last peak recorded at the beginning of the month. With an RSI of 40, the stock is still in a neutral zone, far from overbought or oversold levels, suggesting room for maneuver in upcoming sessions. The 200-day moving average, established at 73.34 euros, remains more than 20% above the current price, highlighting the magnitude of the correction suffered over the year with a drop of 30.66%. Over the last seven days, the company has shown a positive performance of 1.95%, indicating a relative stabilization after the turbulence seen at the end of 2025.
Analyst Perspectives and Sector Challenges
In early January, Morgan Stanley lowered its price target from 128 to 115 euros, while maintaining its 'overweight' recommendation, suggesting a potential upside of nearly 90% from the current price. This revision comes in a deteriorated environment for the outsourcing sector, after the company issued a profit warning in November and revised its annual targets downward. Meanwhile, Deutsche Bank also adjusted its target at the end of November, from 105 euros to 70 euros with a 'hold' recommendation, reflecting a more cautious approach amidst uncertainties surrounding the evolution of the business model in a context marked by the rise of artificial intelligence. The third-quarter 2025 results showed a 1.5% increase in revenue on a like-for-like basis to reach 2,507 million euros, while the group now targets growth between 1.0% and 2.0% for the year, accompanied by an EBITA margin between 14.7% and 15%.
