Allfunds' stock price soars after the departure of its CEO, reaching a year-long high.

Allfunds is on a tear on the stock market. The company, up more than 2% this Friday, has reached its highest level since May 2024 and has soared nearly 13% since June 10, the date its founder and CEO left the company .

Nine days ago, Allfunds announced that its founder and CEO, Juan Alcaraz , was leaving the company to take on "new challenges" and that he would be replaced as CEO by Annabel Spring.

In a statement, the financial group clarified that Alcaraz would continue as an advisor for one year to ensure a "smooth transition" in the leadership of Allfunds. Since then, the firm has steadily climbed on the Spanish stock market.

With the exception of the 3.24% drop on June 13, the company has not lost a single day on the stock market in these nine sessions, rising 13% between them. Moreover, this Friday it rose 2.3% to €6.56 per share, encouraged by UBS 's improved target price. The bank has raised Allfunds' target price from €6 to €7.20 per share.

"Our scenario analysis for 2030 suggests a range of outcomes that, discounted in the past, would equate to reasonable 12-month valuations, with reasonable upside potential of between 14% and 48% relative to the current share price," the UBS report states.

The bank also points to the company 's change of CEO, which they believe could be an opportunity. "We believe the change of CEO offers Allfunds the opportunity to negotiate a change in strategic direction or clarify and establish new medium-term objectives . A cultural shift within the company could also occur. Annabel Spring brings relevant, high-level experience to Allfunds," they mention.

"As founder and CEO, Juan Alcaraz pioneered the development of the European open-source fund industry over three decades, taking Allfunds from a startup and small business unit within Banco Santander to a global leader in wealthtech," the company said in its statement announcing Alcaraz's departure.

Allfunds ' strong run on the stock market dates back even before the departure of its CEO. Since May 30, the company has soared nearly 20% , having fallen only twice since that date. Furthermore, the financial group's stock price has soared more than 30% since the start of 2025.