{
  "id": 7735329,
  "title": "Soitec surges as JPMorgan upgrades stock, doubles price target on photonics boom",
  "url": "https://urgent.news/2026/09/16/soitec-surges-as-jpmorgan-upgrades-stock-doubles-price-target-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T07:33:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/soitec-surges-as-jpmorgan-upgrades-stock-doubles-price-target-on-photonics-boom-4903006"
  },
  "original_language": "en",
  "account": null,
  "summary": "Soitec's shares surged more than 11% on Wednesday following JPMorgan's upgrade of the stock to Overweight from Neutral, with a significant hike in its price target to €200 from €98. The upgraded rating comes as rising demand for Soitec's Silicon Photonics business outweighs lingering concerns about the company's mobile chip segment. Analyst Craig McDowell highlighted that JPMorgan's previous worries about market decline and share loss in Mobile are now overshadowed by the bank's optimism for the Silicon Photonics business, which is expected to surpass €1 billion in revenue by fiscal 2030. The bank also raised its fiscal 2028 revenue forecast for Soitec by nearly 32% to €1.057 billion and adjusted its earnings-per-share estimate for the same year to €6.63 from €1.42.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}