Air France-KLM Shares Soar Nearly 3%, Up +55% Over Three Months

Rothschild Raises Target to €18 After More Than 50% Rise in Three Months

Air France-KLM shares are up 2.73% at €13.92 during the session, compared to €13.55 the previous day. The increase reaches 15.67% for the week and 54.82% over three months, with the stock also posting a gain of 64.64% over the year. The movement comes after an adjustment by Rothschild & Co Redburn, which raised its target price from €16 to €18 yesterday, while reaffirming its buy rating.

The new target offers a residual potential of about 29% compared to the current price. Based on the consensus of analysts surveyed, the stock is trading at approximately 4.2 times the expected earnings for the current fiscal year, an attractive multiple despite the rally. The index context is supportive, with the SBF 120 up 0.69% and the CAC 40 up 0.72%.

Rally Places Stock 17.7% Above MM20, Stretched RSI at 76

Today's progress places the share price well above all its moving averages: the MM20 (€11.82) is exceeded by 17.72%, the MM50 (€10.71) by 29.93%, and the MM200 (€10.93) by 27.31%. The stock is now testing its identified resistance at €14.93, after easily surpassing the €11.74 barrier mentioned in June. An RSI at 76 indicates a pronounced overbought configuration, extended by a still positive MACD (line at 0.54, signal at 0.40).

The one-month volatility remains contained at 14.7%, despite the magnitude of the movement. The company is among the top gainers on the SBF 120, following in the footsteps of Soitec and STMicroelectronics. The next technical milestone to watch is the resistance at €14.93, whose breach would open up uncharted territory in daily data.