UBS has given STMicroelectronics a "Buy" rating with a price target of 38 euros.
Francois-Xavier Bouvignies, an analyst, believes that the share price trend will be affected by significant correction risks related to expectations for 2025.
The recent improvement in operating results is mainly due to cost-cutting measures.
This analysis was published on October 31, 2024, after the company's financial figures were released.
Investors should keep an eye on the changing market conditions as they could impact the stock's performance in the near future.