Soitec surges as JPMorgan upgrades stock, doubles price target on photonics boom
Soitec shares rose 11% after JPMorgan upgraded the stock to Overweight, doubling its price target to €200. The bank cited strong demand for its Silicon Photonics business, forecasting €1B revenue by 2030. JPMorgan raised fiscal 2028 revenue and EPS estimates significantly, noting potential manufacturing expansion in Singapore. Concerns about the mobile chip segment persist, but are outweighed by Silicon Photonics growth.


