SES S.A. Stock Forecast

Stock Price Forecast

According to 10 analysts polled by S&P Global, SES S.A. stock has a consensus rating of "Hold" and an average price target of €7.76. The average 1-year stock price forecast is 4.32% lower than the current stock price, while the lowest is €5.20 (-35.88%) and the highest is €10.50 (+29.47%).

Price Target: €7.76 (-4.32%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	€5.20	€7.76	€8.03	€10.50
Change	-35.88%	-4.32%	-0.99%	+29.47%

* Price targets were last updated on Jun 2, 2026.

Analyst Ratings

The average analyst rating for SES S.A. stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	4	4	4	4	4	4
Buy	1	1	1	1	1	1
Hold	4	4	4	4	3	3
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	2	2
Total	10	10	10	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst New Street No rating	New Street	Sell Downgrades €5.60	Sell	Downgrades	€5.60	-30.95%	Jun 2, 2026
Nick Dempsey Barclays	Barclays	Hold Maintains €6.00 → €8.80	Hold	Maintains	€6.00 → €8.80	+8.51%	Jun 1, 2026
Alessandro Cuglietta Kepler Capital	Kepler Capital	Buy Maintains €9.00 → €10.50	Buy	Maintains	€9.00 → €10.50	+29.47%	May 18, 2026
Terence Tsui Morgan Stanley	Morgan Stanley	Hold Maintains €7.00	Hold	Maintains	€7.00	-13.69%	May 15, 2026
Unknown Analyst Berenberg Bank No rating	Berenberg Bank	Buy Maintains €9.10	Buy	Maintains	€9.10	+12.21%	Apr 17, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

3.42B

from 2.63B

30.25%

from 2.63B

Revenue Next Year

3.45B

from 3.42B

0.71%

from 3.42B

EPS This Year

-0.33

from 0.13

EPS Next Year

-0.22

from -0.33

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.78B	1.94B	2.03B	2.00B	2.63B	3.42B
Revenue Growth	-5.01%	9.09%	4.42%	-1.43%	31.28%	30.25%
Gross Profit	1.32B	1.38B	1.38B	1.35B	1.66B	2.34B
Gross Margin	74.19%	71.04%	67.73%	67.47%	63.23%	68.50%
Operating Income	421.00M	400.00M	333.00M	222.00M	214.00M	173.80M
Net Income	453.00M	-34.00M	-905.00M	15.00M	-95.00M	-104.70M
EPS	-	-	-	-	0.13	-0.33
Dividend / Share	0.50	0.50	0.50	0.50	0.50	0.50
Dividend Growth	-	-	-	-	-	0.25%
Free Cash Flow	718.50M	-1.13B	984.88M	719.25M	497.50M	525.60M
No. Analysts	-	-	-	-	-	10

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue	2026	2027	2028
High	3.6B
Avg	3.4B
Low	3.3B

Revenue Growth

Revenue Growth	2026	2027	2028
High	36.1%
Avg	30.2%
Low	27.1%

EPS Forecast

EPS	2026	2027	2028
High	-0.28
Avg	-0.33
Low	-0.41

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-