J.P. Morgan upgrades Soitec to 'Overweight' on photonics business

Soitec SA

16/09/2026 08:06

** J.P. Morgan upgrades French chip-materials maker Soitec  SOIT.PA to "Overweight" from "Neutral", saying expectations for its silicon photonics business now outweigh ongoing concerns about weakness in mobile markets
** Broker now expects the silicon photonics business to "exceed €1bln in FY30 and at a higher contribution margin than the company has delivered historically."
** JPM says that concerns over Soitec's exposure to the mobile market and potential market share erosion remain valid, but it argued that the impact is negligible relative to the growth opportunity in silicon photonics
** J.P. Morgan raised its target price by c104% to €200 from €98, citing higher forecasts and improved visibility in long-term growth
** Out of 18 analysts that cover Soitec SA, 10 rate the stock "strong buy" or "buy,"​ five rate "hold" and three​ rate the stock "strong sell" or "sell" - LSEG data

(Reporting by Ronan Corcoran in Gdansk)
((ronan.corcoran@thomsonreuters.com))