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UBS has maintained a "Buy" rating for STMicroelectronics, setting a target price of 34 euros. Analyst Francois-Xavier Bouvignies expressed optimism for analog chip manufacturers following the reporting season, highlighting favorites such as Analog Devices, Infineon, and Renesas.
STMicroelectronics N.V. is a leading integrated device manufacturer with over 50,000 semiconductor technology designers and manufacturers. The company collaborates with more than 200,000 customers and thousands of partners to create innovative products and solutions that promote smarter mobility, efficient energy management, and the deployment of autonomous, cloud-connected objects, all while supporting sustainability efforts.
UBS has maintained a 'Buy' rating for STMicroelectronics, setting a target price of 34 euros. Analyst Francois-Xavier Bouvignies expresses optimism for analog chip manufacturers following the reporting season, highlighting favorites such as Analog Devices, Infineon, and Renesas. As of November 22, STMicro's stock is trading at 23.00 euros, reflecting a 2.04% decline from the previous day.
STMicroelectronics shares have received a "buy" rating from UBS, with a target price set at 34 euros. Despite this positive outlook, the stock is currently trading lower at 22.65 euros, reflecting ongoing concerns about short-term business recovery, even as medium-term targets appear credible.
Nvidia shares fell 3.21% in premarket trading after the company reported third-quarter earnings that, despite beating expectations with $35.08 billion in revenue (up 94% year-on-year), indicated a slowdown in growth compared to previous quarters. This decline affected other chipmakers, with Intel, Qualcomm, and AMD also experiencing losses. Analysts remain optimistic about Nvidia's future, particularly with the anticipated launch of its next-generation chip, Blackwell, amid strong demand.
UBS has upgraded STMicroelectronics to a "Buy" rating, setting a target price of 34 euros. Despite this positive outlook from the major Swiss bank, the share price has experienced a decline.
UBS has upgraded STMicroelectronics to a "Buy" rating, setting a target price of 34 euros. Despite the positive outlook, the share price has shown little reaction to the news.
UBS has upgraded STMicroelectronics to a "Buy" rating, setting a target price of 34 euros. Analyst Francois-Xavier Bouvignies noted the credibility of the semiconductor group's medium-term targets announced at a recent capital market day, while emphasizing the importance of short-term business recovery.
UBS has upgraded STMicroelectronics to a "buy" rating with a target price of 34 euros. Analyst Francois-Xavier Bouvignies noted the credibility of the semiconductor group's medium-term targets, while emphasizing the importance of a short-term business recovery.
UBS has maintained a "Buy" rating on STMicroelectronics with a target price of 34 euros. Analyst Francois-Xavier Bouvignies noted the credibility of the semiconductor group's medium-term targets announced at a recent capital market day, while emphasizing the importance of short-term business recovery.
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