STMicroelectronics (EPA:STM) has been assigned a €24.00 ($28.57) price objective by Oddo Bhf in a report released on Friday. The firm currently has a “buy” rating on the semiconductor producer’s stock. Oddo Bhf’s price objective would indicate a potential upside of 31.15% from the company’s previous close.
A number of other research firms have also recently weighed in on STM. Goldman Sachs Group set a €17.10 ($20.36) price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a research report on Monday, November 6th. Baader Bank set a €21.50 ($25.60) target price on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Tuesday, November 21st. UBS set a €15.00 ($17.86) target price on shares of STMicroelectronics and gave the stock a “sell” rating in a report on Monday, November 27th. J P Morgan Chase & Co set a €26.00 ($30.95) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Thursday, November 23rd. Finally, Morgan Stanley set a €12.90 ($15.36) target price on shares of STMicroelectronics and gave the stock a “sell” rating in a report on Friday, November 17th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of €18.44 ($21.95).
STMicroelectronics (EPA STM) opened at €18.30 ($21.79) on Friday. STMicroelectronics has a 12-month low of €9.58 ($11.40) and a 12-month high of €21.45 ($25.54).
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STMicroelectronics Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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