Sopra Steria stock breaks through €187.50 and rises 3% following its Q3
The digital services group based in Annecy accelerates mid-morning in a well-oriented Paris market. Its quarterly publication this morning is accompanied by an upward revision of its growth target for the fiscal year, with a stock that clearly diverges from its moving averages.
A resistance breakthrough that places the stock among the top gainers of the SBF 120
The Sopra Steria stock gains 3.22% to €189.40 while the SBF 120 advances 1.1%, placing it among the strongest gainers in the index. The stock exceeded its €187.50 resistance during the session, a thirty-day high that has now become support, and remains above it. The next resistance level is at €195.60.
The RSI at 69 accompanies this surge, and the price is 7.75% above the 20-day moving average, a spread that reflects the vigor of the movement following a gain of nearly 17% over one month.
The group published this morning a revenue of €1,420.1 million for the third quarter, up 7.9%, with organic growth of 4.3%, compared to 3.0% in the first half.
An upward revision and analyst ratings at buy with a target of €220
Sopra Steria has raised its organic growth target for 2026 for the second time this year. The quarterly figure exceeds the average expectations of two analysts, who were banking on €1.38 billion.
The cessation of the SFT program further reduced organic growth by 2.1 points, reaching 6.4% excluding this effect. Regarding analyst ratings, CIC Market Solutions maintains its buy rating today with a price target of €220, representing an upside potential of approximately 16% compared to the current price.
Net declared short positions amount to 1.97% of capital, held by two funds. They decline by 1.37 percentage points in one month, from 3.34%, indicating a clear easing of bearish bets on the stock. The stock remains at €189.40, with a 200-day moving average at €149.10 well below.
