Stellantis Shares Drop 3% Despite Price Target Increase by Oddo BHF
Stellantis shares fell sharply this Monday morning, dropping 2.99% to 7.212 euros in a Parisian market that is also trending downward. This decline comes as Oddo BHF has just raised its price target on the automaker, and ten days before the release of the first quarter results.
Oddo BHF Updates Stellantis Recommendation
This Monday, Oddo BHF updated its recommendation on Stellantis, raising its price target from 7 to 8 euros while maintaining a neutral stance on the stock. At 7.212 euros, the share is thus about 10% below this new target, which leaves a moderate appreciation potential according to the Franco-German bank. Despite this revision, Stellantis NV lost ground during the session, in a context where the CAC 40 dropped 1.13% and the SBF 120 fell by 1.08%. The automaker is among the significant declines on the Parisian stock exchange, alongside Airbus (-1.91%) and Schneider Electric (-1.61%). The financial calendar also weighs in the exchanges: the publication of the first quarter 2026 results is scheduled for April 30, an event likely to clarify the operational trajectory of the group. Over three months, the stock has declined by 12.44%, and by 12.92% over a year, showing a persistent downward trend in the recent period.
Technical Perspective on Stellantis Stock
From a technical standpoint, Stellantis' share price is currently in the upper part of the Bollinger Bands, at 89% of the gap between the lower (5.22 euros) and upper (7.47 euros) bounds. This proximity to the upper bound signals a potential overbought zone, which may partly explain the selling pressure observed during the session. Over the past week, the stock had risen by 4.66%, a rapid rebound that mechanically brought it closer to this technical threshold. Moreover, the 50-day moving average is at 6.42 euros, significantly below the current price, while the 200-day moving average is established at 8.13 euros, still above. This configuration indicates a stock that has regained height in the short term without managing to reconquer its long-term trend. The resistance identified at 7.43 euros, corresponding to last Friday's closing, constitutes a key level: the stock has not managed to maintain itself there, slipping below this threshold at the beginning of this Monday.
