Stellantis stock, CAC 40 laggard, falls 3% despite raised target by Oddo BHF
The multi-brand manufacturer closes the ranks of the Paris index, following a quarterly publication that had propelled it to the top of the rankings. The decline occurs in a rising market, at a time when a brokerage firm is revising its roadmap for the stock.
A lagging stock in a CAC 40 rising by approximately 1%
The Stellantis stock falls 3.1% to €4.15 in trading, while the CAC 40 gains 1.08% and Renault, another manufacturer on the index, rises 7%. The previous day, the stock had topped the index following third-quarter results marked by North America's return to profitability and Europe's shift into operating losses.
Over one week, the gain remains nearly 9%, while the stock has still lost over 18% in three months. This pullback occurs in a Paris market oriented upward, and it is this contrast that places Stellantis at the bottom of the index.
Oddo BHF's target reduced from €5.50 to €4.50, against a current price of €4.15
Oddo BHF has lowered its price target from €5.50 to €4.50 today and displays a neutral opinion on the stock. This new target leaves an upside potential of approximately 8% relative to the current price. The analysts' consensus surveyed values the stock at approximately 7.1 times expected earnings for the current fiscal year.
Technically, the price remains below the 50-day moving average (€4.21), at approximately 1.4% distance, but above the 20-day moving average (€3.92) following the week's rebound. The group has also confirmed its 2026 financial targets, including positive industrial free cash flow in 2027.
