Lectra stock breaks through its 20.45 € support level and plummets 14.5%

A decline that makes Lectra one of the steepest losers on the Paris exchange

Lectra stock fell 14.5% to 19.58 €, among the steepest declines on the Paris market, while the CAC 40 advanced around 1.1%. The stock has broken through its lowest level of the last 30 trading sessions at 20.45 €, a level that has become resistance. It had already declined approximately 11.6% over the week.

Only the 200-day moving average, at 19.19 €, remains below the price, with a gap of 2%. The stock thus finds itself close to this last benchmark, while the 20-day MA and 50-day MA are more than 8% above.

On the analyst side, TP Icap Midcap set a price target of 23 € today, with a hold rating, approximately 17% above the current price.

Third-quarter results: EBITDA up, but 2026 guidance revised downward

Third-quarter revenue remained stable on a constant currency basis, while EBITDA before non-recurring items rose 10%. Recurring revenues represent 78% of quarterly revenue. Equipment order intake, at 18.9 million euros, declined 10% on a comparable basis.

In its October 28 press release, the company mentions a market environment more degraded than anticipated: SaaS ARR growth and recurring contract revenue growth should fall short in 2026 of the average annual trajectories in the 2026-2028 roadmap (+15% and +5% to +8% on a comparable basis).

ARR reached 106.5 million euros, up 8% on a comparable basis, and non-recurring revenue declined 21%. The 19.19 € level of the 200-day MA is the next technical benchmark on the horizon.