Carrefour Shares Gain 2.38% Midday Despite Analyst Revisions

Recent Analyst Revisions and Stock Performance

Today's rebound occurs as several financial institutions have revised their forecasts for the stock in recent weeks. Jefferies downgraded its recommendation from 'buy' to 'hold' on January 30, while reducing its price target from €14.50 to €14.00. A week earlier, Goldman Sachs also adjusted its target, lowering it from €16.00 to €15.00, though it did not change its neutral advice on the stock. These revisions reflect increased caution among analysts about the retailer's prospects in an uncertain consumption environment. Despite these adjustments, the current price of €14.65 remains slightly above Jefferies' revised target, while still offering about a 2.4% upside potential compared to Goldman Sachs' target.

Technical Analysis and Future Outlook

From a technical standpoint, Carrefour shows encouraging signs after several sessions of gains. The crossing of the 50-day moving average, positioned at €13.88, confirms a short-term bullish momentum. The RSI stands at 65, indicating a resurgence of interest without reaching overbought levels, thus leaving room for further buying activity. The stock is now very close to its technical resistance at €14.82, a key level whose breach could pave the way for new gains. The upcoming release of the 2025 annual results on February 17 will be a major catalyst in determining the medium-term trend. Investors will particularly focus on the evolution of the retail giant's margins in a persistently competitive environment.