Kepler Cheuvreux downgrades Swissquote stock to Hold on valuation concerns

Published 12/08/2025, 11:44
Kepler Cheuvreux downgrades Swissquote stock to Hold on valuation concerns

Investing.com - Kepler Cheuvreux downgraded Swissquote Group Holding SA (SIX:SQN) from Buy to Hold while raising its price target to CHF510.00 from CHF415.00 ahead of the company’s upcoming H1 2025 results.

The Swiss online trading and financial services provider has seen its stock rally approximately 60% year-to-date, pushing its valuation to the upper end of historical and sector ranges, according to Kepler Cheuvreux.

Despite the rating downgrade, the research firm increased its price target by nearly 23%, reflecting continued confidence in the company’s fundamentals while expressing caution about current valuation levels.

Kepler Cheuvreux indicated it sees no risk of disappointment in Swissquote’s upcoming half-year results, scheduled for release on August 14, or in its full-year earnings.

The firm noted that with Swissquote stock now trading at a full premium for quality and growth, the current level does not represent an attractive entry point, leading to a more balanced near-term stance on the shares.

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