STMicroelectronics has been given a "Buy" rating by UBS, with a target price of 34 euros. The chip manufacturer's long-term targets have been postponed from 2027 to 2030 due to uncertain market conditions.
Analyst Francois-Xavier Bouvignies believes that the market will wait for further signs of recovery before fully embracing the revised targets. This cautious outlook reflects the challenges faced by the semiconductor industry and the need for stakeholders to assess the impact of the delay on STMicroelectronics' growth trajectory.