Orange: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Orange shares, with a target price raised from E11.
7 to E13.

We think the stock can break through its resistance of E11, following the publication of better-than-expected 2024 results and 2025 targets, in particular thanks to good performance in France and strong growth in Africa, the analyst says, who points out that Orange forecasts at least 3% EBITDA growth for 2025 (vs. consensus 2.5%) and 7% FCF growth, i.e. more than the consensus forecasts for Deutsche Telekom (+6%) or KPN (+1%).

Oddo BHF also highlights talks between operators for possible consolidation by mid-2026.


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