AlphaValue Reiterates Buy Recommendation on Odiot
ODIOT S.A. (Euronext Access, FR0014010DV3 – MLODT) welcomes the updated research note published by AlphaValue on 29 July 2026, which follows the announcement on 20 July of exclusive negotiations to acquire LAPPARA ORFÈVRE ARGENTIER.
Buy recommendation reiterated, with 75% upside
AlphaValue reiterates its Buy recommendation on Odiot, with a six-month target price of €38.5 per share, implying 75% upside to the share price at the time of publication.
LAPPARA: a respected brand and a rare industrial heritage
The note underlines the strategic fit of the deal: LAPPARA broadens Odiot's stable of brands without changing its focus on ultra-luxury silversmithing.
AlphaValue points to:
• A rich intellectual property: 2,100 moulds, 770 matrixes and 2,000 wooden mandrels;
• A business that is already profitable: €45k of earnings on average sales of €390k over the past five years;
• A scope to widen the offering towards more contemporary designs.
The note further observes that the deal takes forward Odiot's consolidation of small, historic French silversmithing houses, which can be relaunched as the financial means are put in place.