Technip Energies Shares Under Pressure: Goldman Sachs Downgrades, RBC Raises Target

Goldman Sachs Downgrades to 'Hold', RBC Raises Target

On May 4, Goldman Sachs downgraded its recommendation on Technip Energies from 'buy' to 'hold', setting a target price of €37.00, now below the current price. On the same day, RBC Capital, on the other hand, raised its target from €42.00 to €45.00, while maintaining a 'market perform' rating. The gap between the two firms illustrates the divergent interpretations of the stock following the first quarter accounts. The consensus among analysts remains fragmented following an 8.43% drop recorded on the day of the quarterly earnings release. At the nine-month 2025 results communication, the company had confirmed its annual forecasts, targeting an EBITDA margin of around 8% at the group level and a range of 14.0% to 14.5% in the Technology, Products, and Services segment.

Stock Price Falls Below Bollinger Bands

The stock is trading at €37.80, below the lower Bollinger band set at €38.41, indicating a technical oversold condition. The RSI at 51 remains neutral, not confirming the selling pressure indicated by the Bollinger Bands. The 50-day moving average at €36.42 and the 200-day moving average at €36.28 are both below the current price, serving as the next support zones on the downside, with the identified support at €32.02 still distant. Over three months, the stock maintains a gain of 16.16%, despite the weekly decline of 5.74%. The financial calendar anticipates two broker conferences on May 20 and 21, before the publication of the first half of 2026 results on July 30.