Oddo BHF Reaffirms Outperform Rating for Altarea with Target Price of €134
Oddo BHF maintains an Outperform rating for Altarea, setting a target price of €134 after discussions with executives. The firm highlights Altarea's attractive investment profile, driven by integrated growth in residential promotion, strong commercial real estate performance, and credible data center options. The group is confident in its growth trajectory, particularly in residential promotion and the expected contributions from its commercial division to EBITDA in 2026 and 2027. The development of data centers is a priority for Altarea.
Theia Market Signal Identification - AI Assisted
Oddo BHF has reiterated an Outperform rating for Altarea, confirming a target price of €134 following meetings with CEO Edward Arkwright and CFO Eric Dumas. The firm identifies Altarea as having an attractive investment profile compared to competitors, citing integrated growth in residential promotion and strong performance in commercial real estate.
The commercial division is expected to significantly contribute to the group's EBITDA in 2026 and 2027. Data center development is prioritized within the group, supported by a solid team focused on rapid market alignment. The recent stock decline presents a favorable entry point for investors.
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