Kepler Cheuvreux upgrades Soitec to 'buy' on 'faster-than-expected' turnaround

Soitec SA

03/08/2026 12:09

** Kepler Cheuvreux upgrades Soitec SOIT.PA to "buy" from "hold" and cuts target price to €150 from €160, citing the group is "finally turning around faster than expected"
** "While the stock continued to rally following our downgrade, it has materially corrected over the past two months and is now back to more attractive levels," says the broker
** The broker sees "significantly higher growth prospects and better visibility" for the Photonics-SOI business, adds the RF-SOI business is bottoming out faster-than-expected
** Kepler Cheuvreux also expects much higher margins from full-year 2027 and adds that valuation is back to attractive levels 
** Shares in the company are up 1.4% at 10:12 GMT
** Up to the previous session's close, shares were up 348.5%​ YTD 
** Out of 18 analysts that cover Soitec, eight rate the stock "strong buy" or "buy,"​ seven rate "hold" and three​ rate the stock "strong sell" or "sell" 

 (Reporting by Margaux Perrin in Gdansk)
 ((Margaux.Perrin@thomsonreuters.com))