Leading the SBF 120, Soitec stock surges over 7%, BofA upgrades to buy
Soitec takes the top position in its index this Friday, in a well-oriented Paris market. The semiconductor substrate manufacturer regains momentum following a pullback, supported by a fresh analyst rating.
A rebound that puts Soitec at the top of the SBF 120
The Soitec stock gains 7.25% to €163.45 in trading, compared to €152.40 the previous day. It thus dominates the SBF 120, which advances 0.85%, ahead of ArcelorMittal (+4.87%) and Aperam. The stock gave up ground on Thursday, following a 66% gain over three months. This rebound brings it back close to its resistance level of €167.55, while it remains well above its 20-day moving average at €149.05 (a spread of +9.66%), evidence that the underlying momentum has not been affected by the previous day's decline.
Bank of America raises its price target to €300 on the stock
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Bank of America upgraded Soitec to buy this Friday, with a price target of €300, representing a potential gain of nearly 84% from the current price. This level contrasts with the current valuation: based on the consensus of analysts tracked, the stock trades at approximately 206.5 times current fiscal year earnings and 45.4 times next fiscal year earnings. The group, which announced on July 29 a share buyback program of €358 million, continues to be driven by AI-related demand.
Over one year, the stock shows a gain of 269%. The next technical level to watch is the resistance at €167.55.
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Context
Period
Period: T1 2027
Key reported figures
Revenue: 113 millions d'euros
Quarterly revenue: 113 millions d'euros
Guidance from the release
La visibilité de Soitec sur la demande Photonics-SOI et le renforcement de sa capacité d'exécution s'améliorent
Outlook / guidance
Expected revenue: 137,5 millions d'euros
Management commentary: Soitec anticipe un chiffre d'affaires du T2'27 en hausse de plus de 30% sur un an, notamment soutenu par une accélération du Photonics-SOI.
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.
