Teleperformance Shares Drop 5.38% Midday Amid Analyst Revision
The stock approaches its technical support at 57.18 euros amid successive target revisions by analysts.
Approaching Key Support
Teleperformance shares are nearing their critical support level at 57.18 euros, having dropped 5.38% in early trading. The midday price of 58.74 euros remains slightly below the 50-day moving average of 59.88 euros, indicating persistent selling pressure over the past several weeks. The immediate resistance remains at 64.12 euros, a level breached last week but quickly relinquished. The RSI at 39 reflects a neutral technical situation, without a marked oversold signal, suggesting further downside if selling pressure continues. The MACD shows a negative setup with a line at -0.32 and a histogram at -0.26, confirming the short-term bearish momentum. The 200-day moving average, set at 73.04 euros, reminds us that the stock is still trading 20% below its long-term trend, indicating a significant correction that has been underway for several quarters.
Neutral Recommendation Amid Downward Revisions
CIC Market Solutions issued a neutral recommendation on the stock this Monday with a target price of 70 euros, representing a 19% upside potential from the current price. This view comes in a nonetheless deteriorated context for the company, marked by a series of revisions over the past months. Morgan Stanley had lowered its target from 128 to 115 euros at the beginning of January while maintaining an overweight recommendation, whereas Deutsche Bank had reduced its target from 105 to 70 euros with a hold rating at the end of November. In the third quarter of 2025, Teleperformance reported revenue of 2,507 million euros, up 1.5% on a like-for-like basis, a pace well below the group's historical growth levels. The management then revised its annual targets, now expecting growth between 1.0% and 2.0% and a current EBITA margin between 14.7% and 15%. For the period 2026-2028, the group aims for an annual organic growth of 4% to 6% and a cumulative net available cash flow of about 3 billion euros, including investments in artificial intelligence.
