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Last updated : 23/09/2026 - 12h35
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Exosens shares lead the SBF 120 after a Bernstein target price increase

The Bordeaux-based optronic company takes the top position on the SBF 120 this Wednesday morning, extending the bullish momentum initiated after the revision of its annual targets one week ago. The movement comes as Bernstein simultaneously raises its price target, in a nearly stable Paris market.


Exosens shares lead the SBF 120 after a Bernstein target price increase

Bernstein raises its target to €74 and confirms its positive opinion on the stock

Bernstein raised its price target on Exosens on Wednesday, moving from €71.50 to €74, while maintaining its outperform rating. The new target represents an upside potential of approximately 17% compared to the current price of €63.05. Invest Securities had already followed suit last Tuesday, raising its target from €67 to €70, with a buy recommendation maintained.

The consensus of analysts therefore converges towards targets substantially above current prices, demonstrating positive conviction on the group's trajectory. This upward movement in targets follows the revision of annual targets published on September 17, which projected approximately 20% revenue growth and approximately 25% adjusted EBITDA growth in 2026, with targeted revenue of up to 570 million euros.

Leading the SBF 120, the stock consolidates its technical advance with gains of 16% over the week

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With an intraday gain of 3.62% at €63.05, Exosens posts the best performance on the SBF 120 at mid-morning, in an index that barely advances 0.05%. Over the week, the stock shows nearly 16.5% appreciation, reflecting the sequence triggered by the publication of new annual targets. The price is trading well above its three moving averages: 9.3% above the 20-day MA at €57.69 and approximately 6.6% above the 200-day MA at €59.17, confirming a sharp recovery after the weeks of pressure observed in early September.

The RSI at 58 remains in neutral territory, with no overbought signal despite the amplitude of the weekly rebound. The next identified resistance is at €66.80, approximately 5.9% above the current price.



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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 253,1 millions d'euros
  • Quarterly revenue: 253,1 millions d'euros
  • EBITDA: 50,9 millions d'euros
  • EBITDA margin: 31,2 %
  • Net income: 15,3 millions d'euros
  • Free cash flow: 31,4 millions d'euros
  • 199,8 millions d'euros
Guidance from the release
  • Porté par une dynamique commerciale soutenue, en particulier sur les marchés de la Défense et de la Surveillance, ainsi que par une solide exécution opérationnelle
Risks mentioned
  • Charge de dépréciation de la marque de 28,2 M€ pesant sur le résultat net publié, en baisse de 45,0 %
  • Incertitudes persistantes sur la recherche scientifique pesant sur la demande en Sciences de la Vie
  • Contraction de 60 points de base de la marge brute du segment Détection & Imagerie (mix produits)
Opportunities identified
  • Attribution par l'US Army du contrat IDIQ BiNOD ouvrant le marché américain de la défense
  • Plan d'expansion de +40 % des capacités de production d'ici 2027, premiers bénéfices au S2 2026
  • Acquisition d'Emberion, capteurs infrarouges SWIR à points quantiques
Outlook / guidance
  • Expected revenue: 530 millions d'euros
  • Expected EBITDA: 173 millions d'euros
  • Management commentary: chiffre d'affaires compris entre 520 millions d'euros et 540 millions d'euros ; • EBITDA ajusté compris entre 168 millions d'euros et 178 millions d'euros

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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