OVH shares rebound 3.5% after a 19% plunge in one week

A rebound that recovers only a small part of the weekly decline

OVH shares gain 3.72% to €13.65, while the CAC 40 rises 1.19%. Over seven days, however, the stock remains down 18.8%, so today's session only reduces part of the loss.

On the day before the October 23 drop, the stock still benefited from the momentum generated by its first positive free cash flow since its stock market listing, published on October 20 in its annual accounts. This rebound says nothing about the strength of the move: the share price remains below its 20-day moving average (MM20 at €15.05), a 9.3% gap, and below its MM50, while it keeps a slight lead over its 200-day moving average (MM200 at €12.98). The RSI at 41 remains neutral, with no oversold signal.

A valuation of 47 times earnings and 2027 targets yet to be confirmed

According to the consensus of the analysts surveyed, the stock trades at about 47 times current-year earnings and 28.5 times next-year earnings.

When annual results were published on October 20, 2026, the company set targets for 2027 aimed at accelerating growth, supported by the Paris 3-AZ region of public cloud, whose growth is expected to reach 20 to 24% in the fourth quarter.

Among the risks cited in the same publication is pressure on component prices, which requires price adjustments. Over one year, the stock retains a gain of 70.09%, compared with -8.02% over three months. The €12.39 support is the nearest technical level in case of a further decline.