Bank of America upgrades Soitec stock and doubles target to EUR 300

Published on 10/18/2026 at 13:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Soitec reported EUR 592.32 million in fiscal 2026 revenue. Soitec stock has November 18 results after a 172 percent photonics revenue forecast.

Target revision and reporting dates

Bank of America raised Soitec's target from EUR 152 to EUR 300 on October 9, 2026.
Soitec reported EUR 592.32 million in fiscal 2026 revenue.
Soitec stock closed at EUR 125.00 on October 16, 2026.
First-half results are scheduled for November 18, 2026.

Isometrische 3D-Grafik einer Produktionskette von Rohsilizium bis zum fertigen Chip — Soitec S.A. (ISIN FR0013227113): isometrische 3D-Darstellung der Wertschöpfungskette von Silizium-Wafern zu Chips, Illustration mit AI erstellt.

Soitec (ISIN FR0013227113) became the subject of a much more bullish analyst view on October 9, 2026, when Bank of America upgraded the stock from Neutral to Buy and raised its price target from EUR 152 to EUR 300, as Yahoo Finance reported. The revision puts photonics growth at the center of the investment case, while Soitec's latest reported annual revenue was EUR 592.32 million in fiscal 2026.

What changed in October?

Bank of America's target moved up by EUR 148, from EUR 152 to EUR 300, while its rating changed from Neutral to Buy on October 9, 2026. The same report said Soitec expects photonics wafer revenue growth of 172 percent in fiscal 2027 and projected gross margin to rise from 16 percent in fiscal 2026 to 44 percent in fiscal 2029.

Three dated company events

On September 17, 2026, Soitec launched a EUR 500 million bond offering, according to the company's release carried by GlobeNewswire. On October 5, 2026, the company reported 35,814,320 shares forming its capital, also in the GlobeNewswire filing. On October 9, 2026, Bank of America delivered the latest event with its EUR 300 target and Buy rating, as Euronews reported.

When are the next reports?

Soitec's next scheduled reporting date is November 18, 2026, for first-half fiscal 2027 results. The investor-relations calendar also lists February 2, 2027, for third-quarter fiscal 2027 revenue, according to Soitec.

What does the target change mean?

The revised target rests on a shift toward photonics, but the operating comparison remains demanding. Soitec's fiscal 2026 revenue fell 34 percent to EUR 592.32 million, while mobile communications revenue declined 43 percent, according to Euronews. Bank of America therefore links the higher valuation to a faster photonics ramp, while weaker smartphone demand and slower artificial-intelligence infrastructure spending remain material risks.

Stock level after the revision

The Xetra close was EUR 125.00 on October 16, 2026. That level is below Bank of America's EUR 300 target, but the target is an analyst assessment rather than a guaranteed valuation outcome.