UBS has maintained a "Buy" rating for STMicroelectronics with a price target of 38 euros. Analyst Francois-Xavier Bouvignies noted that significant correction risks for 2025 expectations are likely to influence the share price, while the improved operating result is attributed to cost measures.
UBS has reduced its target prices for several major companies, including Stellantis, which is now set at 16 euros per share (down from 24), and STM, lowered to 38 euros per share (from 44). Stellantis is expected to show erratic performance with resistance at 12.17 and support at 12.06, while STM anticipates uncertainty with resistance at 25.82 and support at 25.69.
STMicroelectronics experienced a slight decline of 0.5% to €25.6250, as UBS lowered its target price from €44 to €38 while maintaining a "buy" recommendation. The Semiconductor Industry Association reported global semiconductor sales of $53.12 billion in August, marking a 20.6% year-on-year increase. Additionally, the World Semiconductor Trade Statistics forecasts 2024 sales to reach $611.2 billion, up 16% from the previous year.
STMicroelectronics faces a more pessimistic valuation outlook from UBS, as reported by AOF and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy. The institution confirms no financial ties or conflicts that could influence the objectivity of the analysis.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
