Oddo BHF Maintains Outperform Rating for Altarea, Target Price Set at €134

Oddo BHF has reaffirmed an Outperform rating for Altarea with a target price of €134. This decision follows meetings with CEO Edward Arkwright and CFO Eric Dumas, highlighting Altarea's attractive investment profile and integrated growth in residential promotion. The commercial division is projected to significantly enhance the group's EBITDA in 2026 and 2027, with a focus on data center development. The recent stock decline is seen as a favorable investment opportunity.

Published Mar 20, 2026

Oddo BHF has confirmed an Outperform rating for Altarea, setting a target price of €134 after discussions with CEO Edward Arkwright and CFO Eric Dumas. Altarea is recognized for its strong investment profile, boosted by integrated growth in residential promotion and robust commercial real estate performance.

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The commercial division is anticipated to make a significant contribution to EBITDA in 2026 and 2027, with an emphasis on data center development. The decline in stock price is viewed as an advantageous entry point for potential investors.