OVH Share Plunges 20% and Erases Post-Earnings Rebound
The Roubaix-based hosting provider suffers a sharp decline at midday, the steepest fall across the entire Paris stock exchange, in a downward-trending market. The move comes just days after the publication of its annual results, which had nonetheless been well received.
A 20.64% Decline That Wipes Out the Annual Results Bounce
OVH share loses 20.64% to €12.46, versus €15.70 the previous day, marking the sharpest decline across the entire Paris stock exchange. The security also fell 17.15% over the week. The move erases the nearly 9% rally observed on October 20, following the publication of the first positive free cash flow since its stock market listing. This session occurs in a declining market, with the CAC 40 down 0.78% and the SBF 120 down 0.73%.
On technical levels, the price has broken through its lowest point of the past 30 trading sessions, at €14.77, which has now become resistance. It also falls below the 20-day moving average (gap of 20.89%) and below the 50-day moving average (gap of 21.29%), as well as below the 200-day moving average at €12.88 (gap of 3.26%). The RSI at 32 is approaching the oversold zone.
A Price Target of €16.50 and Demanding Valuation
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Kepler Cheuvreux raised its price target to €16.50 on October 21, from €9.50 previously, while maintaining its hold rating. This target sits approximately 32% above the current share price. Analyst ratings thus serve as a valuation benchmark, with the share trading at 77.1 times the expected earnings for the current fiscal year, according to the consensus of surveyed analysts.
The company had moreover presented on October 20, with its 2026 fiscal year results, growth objectives for the 2027 fiscal year, citing among the risks pressure on component prices (RAM and disk drives). Shareholders also have a €50 million share buyback program, announced on March 23, 2026.
SectorLogiciels et services numériques›Infrastructures IT / Cloud
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Context
Period
Period: FY2026
Key reported figures
Revenue: 1 145 millions d'euros
Revenue growth: 5,6 %
EBITDA: 480,5 millions d'euros
EBITDA margin: 42 %
Net income: 9,4 millions d'euros
Free cash flow: 24,7 millions d'euros
1 157 millions d'euros
Guidance from the release
Objectifs FY2027 – Accélérer la croissance et la création de valeur
Risks mentioned
Pression sur les prix des composants (RAM et disques) nécessitant des ajustements tarifaires
Concurrence accrue sur le marché du Cloud avec nécessité d'accélérer la montée en puissance des régions 3-AZ
Risque de visibilité limitée sur la croissance du T1 2027 malgré les objectifs annoncés pour FY2027
Opportunities identified
Redéploiement de la stratégie IA avec lancement d'OVHai Workspace et montée en puissance prévue en 2027
Accélération du Cloud Public avec région 3-AZ de Paris en forte traction (croissance de 20-24% au T4)
Montée en puissance de la nouvelle organisation commerciale par segments (Digital Starters, Digital Scalers, Corporates) attendue en 2027
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.
