Soitec Shares Climb to €145.50: Morgan Stanley Now Targets €200
Mid-morning this Tuesday, the stock of the semiconductor substrate specialist is regaining strength. The share price is up 3.74% at €145.50, in an SBF 120 that is up 0.73%. The movement comes after a favorable recommendation from Morgan Stanley revealed this Tuesday.
Morgan Stanley Raises Target to €200 and Upgrades Soitec to Overweight
Morgan Stanley has raised its price target on Soitec from €70 to €200, upgrading to 'overweight'. Based on the current price of €145.50, the new target offers a theoretical upside potential of 37.5%. The previous target, set at €70, has been significantly surpassed by the market for several weeks. This revision follows a turbulent period. The stock had dropped 6.71% on May 15, bringing the weekly performance to -10.02%. However, over three months, the share price shows a gain of 291%, and 162.6% over one year. The stock ranks among the highest gains in the SBF 120 session, while another recommendation from Nomura at €250 had already been noted earlier in May.
RSI at 58 Falls Back to Neutral Zone After an Accumulation of Short Positions
The price is above the MM20 at €133.25, with a gap of 9.2%. The Bollinger Bands place the stock in the upper part (63%), far from the overheating peak reached at the beginning of May when the RSI exceeded 80. The RSI has returned to 58, indicating that the recent overbought episode has subsided without breaking the average trend. In parallel, net short positions have swelled. According to reviewed statements, they reach 4.01% of the capital, compared to 2.08% a month ago, an increase of 1.93 points in thirty days. Two Sigma Investments leads with 1.53%, followed by Walleye Capital (0.74%) and Numeric Investors (0.67%). The next concrete appointment is scheduled: the 2026 annual results will be published on May 27.
