Dassault Systèmes stock down 25% over one year and testing its support at €20.17
Dassault Systèmes is among the biggest fallers in the CAC 40 this Thursday morning, in a Paris index that is progressing slightly. The pressure stems from an analyst opinion published today, which downgrades the stock to underperform with a price target significantly lower than current levels.
BNP Paribas Exane downgrades Dassault Systèmes to underperform with a €17 target
On Thursday, September 17, BNP Paribas Exane downgraded its opinion on Dassault Systèmes from "market perform" to "underperform", setting a price target of €17. This level represents a downside potential of approximately 17% compared to the current price of €20.53, which explains the pressure on the stock in the morning session. This revision comes in a tense macroeconomic context: the US Federal Reserve has just raised its benchmark interest rates by 25 basis points to 3.75%-4.00%, the first hike since 2023, while signaling that inflation remained "too high".
This monetary tightening weighs on the valuations of technology and software stocks, of which Dassault Systèmes is part. For reference, when publishing H1 2026 results on July 23, the group had confirmed its annual guidance with a revenue target of €6,356 million, in a tone deemed confident by management.
The stock briefly tests its support at €20.17 before rebounding slightly above
In trading this morning, the Dassault Systèmes price briefly broke through its support at €20.17, touching a low of €20.16, before recovering to around €20.53. This test of the threshold illustrates the fragility of the current technical configuration: the stock is trading below its 20-day moving average at €21.71 (gap of -5.44%) and below its 50-day moving average at €20.68, two moving averages that constitute a ceiling. Only the 200-day moving average at €20.20 remains slightly below the current price, offering minimal support.
The resistance at €23.09 appears distant in this context, especially since the MACD shows a negative histogram of -0.13, confirming a short-term downward trend. Over the week, the stock is up 1.79%, but it has declined 5.3% over one month and 25.05% over one year, illustrating the depth of the erosion from its peaks. The next reference level to watch remains the support at €20.17, which has just been tested.
