Stellantis Stock Rises Over 10% in a Week, UBS and Jefferies Adjust
The automaker marks one of the strongest rebounds in the CAC 40 at midday, as two analysis firms released target revisions at the end of May. The stock is regaining color after a very turbulent sequence since last week's Investor Day, and has moved back above monitored technical thresholds. The weekly rebound now exceeds 10%.
Stellantis Climbs to €7.04, Among the Top Gainers in the CAC 40
Stellantis stock is up 4.02% at €7.04 at midday, just behind Renault (+4.47%), in a CAC 40 that is up by 0.83%. The stock ranks among the highest gains in the Parisian index, after losing nearly 4% following the presentation of the FaSTLAne 2030 plan by Antonio Filosa. Over the week, the stock has gained 10.63%, which partially narrows the gap with the annual decline of more than 23%.
UBS maintained its buy rating while reducing its target from €9.70 to €9.50. Jefferies made the same adjustment, from €10.00 to €9.50, while keeping its buy recommendation. Both targets offer a theoretical potential of over 30% compared to the current price. This double release of analyst opinions comes after the strategic roadmap unveiled by the automaker. According to the consensus of surveyed analysts, the stock is trading at about 8.2 times current year earnings and 4.5 times next year's earnings.
The Stock Moves Above Its Short-Term Averages but Remains Below the 200-Day Moving Average at €7.91
The rebound brings the price well above the MM20 (€6.46) and MM50 (€6.44), with a gap of nearly 9% in both cases. The MM200, at €7.91, remains 11% above the current price and marks the next zone to cross to confirm a medium-term reversal. The RSI at 57 indicates a still measured buying momentum, far from tense zones. The resistance threshold identified at €7.43 is approaching, after crossing the €6.80 level.
The sector context remains favorable to the movement: Brent crude is down 5.08% around $94.5 per barrel, a reduction in energy costs that benefits automakers. The FaSTLAne 2030 roadmap (€60 billion investment over five years), the deployment announced yesterday of Octago with MSX International for the Eurorepar network, and partnerships formed for autonomous driving outline the industrial horizon of the group. The €7.43 zone is now the next technical level to watch.
