BNP Paribas Exane raises Soitec stock target to EUR 150.00

Published on 10/05/2026 at 16:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BNP Paribas Exane kept Neutral on September 30, 2026. Soitec stock stood at EUR 165.50 on October 5, 2026 versus EUR 170.40, down 2.88 percent.

Makroaufnahme der spiegelnden, strukturierten Oberfläche eines Silizium-Wafers — Soitec S.A. (ISIN FR0013227113) stellt Silizium-Wafer her, hier als Makroaufnahme der spiegelnden Oberflächenstruktur gezeigt, Illustration mit AI erstellt.

Soitec (ISIN FR0013227113) stock was trading at EUR 165.50 at Lang & Schwarz on October 5, 2026 at 4:36 p.m. CEST, down 2.88 percent versus the prior close of EUR 170.40 on October 2, 2026. The latest analyst signal came from BNP Paribas Exane, which raised its price target from EUR 120.00 to EUR 150.00 on September 30, 2026 while keeping a Neutral rating. The target increase of 25.00 percent is substantial, but the new target remains below the Lang & Schwarz price.

Target rises as valuation divides analysts

According to Ideal Investor on September 30, 2026, BNP Paribas Exane lifted the target from EUR 120.00 to EUR 150.00 and maintained Neutral. The change highlights a valuation gap: the market price was already above the revised target in the source report, while the analyst view still reflected higher expectations for Soitec's growth.

Revenue outlook supports the case

The same Ideal Investor report identifies EUR 113.0 million of revenue for fiscal first-quarter 2027 and expected revenue of EUR 137.5 million for fiscal second-quarter 2027. That operating trajectory gives the revised target a concrete growth rationale, but it also leaves the share price dependent on continued execution in Photonics-SOI.

Convertible bond adds a capital test

Soitec announced on September 18, 2026 that it had completed a EUR 500 million convertible bond offering due in September 2033, according to its Soitec release. The bonds carry a 0.50 percent annual coupon, and the conversion price is EUR 206.46, representing a 55.00 percent premium to the EUR 133.20 reference share price; potential dilution could reach 6.30 percent if new shares are used exclusively.

Stock remains below the yearly high

The Lang & Schwarz price sits within the primary-market 52-week range of EUR 22.62 to EUR 200.50 as of October 5, 2026, while market capitalization stands at EUR 5.9 billion. The combination of a revised EUR 150.00 analyst target, fiscal second-quarter revenue expectations of EUR 137.5 million and a possible 6.30 percent dilution makes execution and capital structure central to the next valuation debate.

Soitec was trading at EUR 165.50 at Lang & Schwarz on October 5, 2026 at 4:36 p.m. CEST, down 2.88 percent versus the prior close of EUR 170.40 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Soitec stock.