Viridien's geoscience unit is underappreciated - GS starts with 'buy'

Viridien SA

01/09/2026 08:21

** Goldman Sachs initiates coverage of Viridien VIRI.PA with "buy", citing its underappreciated geoscience unit as the main thesis driver, sending its shares up about 7%
** GS points out the unit's global market share rose from 41% in 2020 to about 55% in 2025
** It notes the firm has repositioned towards higher-value subsurface imaging and seismic equipment following its transformation from former parent CGG
** GS sees the stock offering differentiated exposure to a recovery in global exploration spending through a technology-led geoscience platform
** GS adds the shares trade at a low EV/EBITDA ratio ahead of a forecast profit recovery in 2027
** Among the seven analysts covering Viridien, four rate it "strong buy" or "buy" and ​two "hold"  — LSEG data
     

(Reporting by Clement Martinot)
((Clement.Martinot@thomsonreuters.com;))