Exosens stock climbs 3.5% and posts best gain in SBF 120
The Bordeaux-based optronic company delivered the SBF 120's best performance mid-session on Friday, consolidating the previous day's surge following a revision of its annual targets. Two brokerage firms simultaneously published updated ratings with raised price targets that better reflect the group's growth trajectory.
Leading the SBF 120 in a divided European market, Exosens breaks above its three moving averages
Exosens gained 3.31% to €60.85 during the session, while the SBF 120 declined 0.73% and the CAC 40 fell 0.76%. The stock thus topped the broader index, contrasting with a Paris market under pressure amid rising international interest rates (the Bank of Japan raised its rate to 1.25%, its highest since 1995, and the Fed increased its rates on Wednesday). Technical setup supports this momentum: the share price is trading above its three moving averages, at +5.40% above the 20-day MA (€57.73), +2.41% above the 50-day MA (€59.42) and +3.24% above the 200-day MA (€58.94).
The RSI at 53 remains in neutral territory with no overbought signal. Over the week, the stock is up 8.76%, driven primarily by the previous day's jump. The next resistance level stands at €66.80, approximately 9.8% above the current price.
Oddo BHF and Deutsche Bank raise their price targets following annual guidance revision
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Two research firms updated their ratings on Exosens on Friday. Oddo BHF raised its price target from €66 to €69 while maintaining an "outperform" rating, representing upside potential of approximately 13% from the current price. Deutsche Bank adjusted its target from €60 to €63 while retaining its "hold" rating, implying more limited upside of roughly 3.5%.
These revisions follow the announcement of new 2026 targets disclosed on September 17, which project approximately 20% revenue growth (up to €570 million) and approximately 25% adjusted EBITDA growth. The divergence between the two views reflects different interpretations of the file: between an outperformance scenario supported by Oddo and a more cautious approach adopted by Deutsche Bank, the next concrete verification point will be the nine-month results publication, expected on October 27.
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.