Euronext Stock Crosses €150 and Targets €175 Following UBS Upgrade
Euronext continues its climb at mid-session on Thursday, May 21. The stock is up 1.63%, outperforming the CAC 40, which gains only 0.26%. The pan-European exchange operator thus extends the movement that began after the quarterly publication, taking the top spot in the Paris index.
Euronext Leads CAC 40 After Two Price Target Upgrades
The stock takes the top spot in the Paris index, ahead of Stellantis (+1.51%) and Sanofi (+1.36%). Two firms revise their targets this Thursday. UBS raises its target from €168 to €175, maintaining a buy recommendation. Mediobanca increases its target from €145 to €150 but remains neutral. The gap between the two targets reflects two distinct readings of the case: the first indicates a theoretical potential of nearly 17% compared to the current price, the second matches the market valuation. These adjustments come after the quarterly publication which showed underlying revenues up 15.3% at €528.5 million, an adjusted EBITDA margin of 64.9%, and an adjusted EPS of €2.13. Analysts' opinions remain generally constructive on the stock.
Breaking the €148 Resistance Opens a New Bullish Sequence
The move above €148 is the technical highlight of the day. This level, identified as resistance, had limited the stock's progress until now. At €149.90, the stock is now 5.26% above its 20-day moving average (€142.41) and 13.29% above its 200-day moving average (€132.32), illustrating the widening gap between the averages and the current price. The RSI at 61 remains in a neutral zone, without a marked overbought signal. The one-month volatility is measured at 5.96. Over the week, the gain reaches 7.84%, and over three months 17.66%. The previous support at €138.60 is left far behind. The next area of focus will now be above the €150 mark, which also marks the new target of Mediobanca.
