Soitec shares among the strongest gainers on the SBF 120, +50% in one month
The Isère-based semiconductor substrate manufacturer extends its exceptional rally on Friday, in a Paris market oriented upwards. The momentum is supported by a price target raised on Wednesday, September 30th, while the stock accumulates more than 50% gains over the month.
A gain of nearly 5% in trading amplifies an exceptional monthly progression
Soitec gains 4.82% to €166.20 in trading, placing itself among the strongest gainers of the SBF 120 in a Paris index advancing by 1.05%. The rebound is part of a remarkable underlying movement: over the last thirty days, the stock shows +50.34%, and +15.3% over the past week alone. Over one year, gains exceed 310%, a track record that sets Soitec apart on the Paris exchange.
This momentum continues the upward revision of growth forecasts in Photonics-SOI, the substrate technology for photonic interconnections, against the backdrop of AI infrastructure growth. At this pace, according to the consensus of surveyed analysts, the stock is trading at approximately 46 times the expected earnings for the following fiscal year, reflecting highly sustained growth anticipations.
BNP Paribas Exane raises its price target to €150 but remains "neutral" on the stock
On Wednesday, September 30th, BNP Paribas Exane raised its price target from €120 to €150, while maintaining its rating at "neutral". With a stock price now at €166.20, the share is already trading 10.8% above this revised target, which illustrates the tension between the market's speculative momentum and the caution of some research departments. From a technical indicators perspective, the stock is trading well above its 20-day moving average at €143.30 (a gap of nearly 16%) and its 50-day moving average at €125.88 (a gap of 32%), two averages that confirm the scale of the bullish movement underway since early September.
The RSI at 65 remains in positive territory without extreme overbought signal, leaving room before the resistance identified at €192.20. This is the level towards which attention is now concentrated, in a stock whose monthly volatility of 30.51% underscores the amplitude of possible fluctuations.
