JPMorgan raises target for Orange stock from EUR 22.50 to EUR 22.60

Published on 10/08/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose to EUR 20.9 billion in the first half of 2026, up 3.50 percent. Orange stock costs EUR 14.25 on October 8, 2026 versus EUR 14.26.

Flatlay-Aufnahme von Aktienzertifikat, Mobiltelefon, SIM-Karte und Glasfaserkabelrolle — Orange S.A. (FR0000133308) Aktienanlage dargestellt als Flatlay mit Zertifikat, Telefon und Glasfaserkabel, Illustration mit AI erstellt.

Orange (FR0000133308) stock was trading at EUR 14.25 at Lang & Schwarz on October 8, 2026 at 11:12 a.m. CEST, while JPMorgan raised its target from EUR 22.50 to EUR 22.60 on October 7, 2026, according to Markets Insider. The bank kept its Overweight rating, putting the target 58.60 percent above the Lang & Schwarz price.

JPMorgan keeps its bullish target

The increase was modest at EUR 0.10, but it moved the target further above Orange's market price. For investors, the gap matters because the target is a forward assessment, while the Lang & Schwarz quote reflects the intraday market on October 8, 2026.

The wider analyst picture is less uniform. Markets Insider lists a Morgan Stanley downgrade to Underweight among recent Orange research, while JPMorgan's unchanged Overweight stance sets the upper end of the latest debate around the shares.

First-half growth meets execution risks

Orange reported revenue of EUR 20.9 billion in the first half of 2026, up 3.50 percent year over year, and EBITDA of EUR 6.1 billion, up 5.00 percent, according to the Yahoo Finance transcript of the July 28, 2026 results call.

Management also raised full-year 2026 EBITDA guidance from above 3.00 percent growth to above 4.00 percent growth. The same call identified a counterweight: Orange Business revenue fell 3.50 percent in the first half of 2026, while net debt to EBITDA stood at 2.40 times after the MasOrange consolidation.

The next scheduled company figure is third-quarter revenue on October 27, 2026. That date gives the market a near-term test of whether the first-half growth rate and upgraded outlook are carrying into the second half.

Orange stock stays below its yearly high

The Lang & Schwarz quote stood at EUR 14.25 on October 8, 2026 at 11:12 a.m. CEST, minus 0.07 percent versus the prior close of EUR 14.26 on October 7, 2026. The primary-market 52-week range was EUR 13.26 to EUR 18.81, leaving the quote EUR 4.56 below the high.

The further course of trading is shown by the continuously updated real-time quote of Orange stock.