Societe Generale stock gains as analysts raise price targets

Published on 11/10/2026 at 18:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Societe Generale stock remains among the CAC 40's strongest performers after fresh analyst target increases. Record earnings support the focus.

Profit momentum meets higher targets

Societe Generale reported record third-quarter and nine-month earnings on October 29.
Nine-month return on tangible equity exceeded the bank's 2026 target.
KBW and Goldman Sachs recently lifted their price targets while retaining cautious ratings.

Societe Generale, FR0000130809, Illustration mit AI erstellt.

Societe Generale stock remained in focus on Tuesday, November 10, after KBW and Goldman Sachs raised their price targets, according to Ideal Investor. KBW moved its target to EUR 76 from EUR 75 and kept a market perform rating. Goldman Sachs lifted its target to EUR 82.50 from EUR 80.75 and maintained a neutral rating.

The report said the shares had gained 10.6% over one week and ranked among the strongest performers in the CAC 40. It also pointed to a calmer French bond market as part of the market setting. The report did not establish that the analyst changes alone caused the share move.

Record earnings keep targets in focus

Societe Generale's latest fundamental update came with its third-quarter and nine-month results published on October 29. In its official results release, the bank reported nine-month group net income of EUR 5.374 billion, up 17.3% year over year. Revenue rose 4.1% to EUR 21.375 billion, while operating expenses declined 3.2%.

Return on tangible equity reached 12.3% for the first nine months, above the bank's 2026 target of about 11%. The cost-to-income ratio improved to 58.8%, below the full-year objective of less than 60%. Third-quarter group net income reached EUR 1.888 billion, with quarterly return on tangible equity at 13.0%.