STMicroelectronics (STM) PT Set at €23.00 by JPMorgan Chase

STMicroelectronics (EPA:STM) has been given a €23.00 ($28.40) price target by investment analysts at JPMorgan Chase in a research report issued on Monday. The firm presently has a “buy” rating on the semiconductor producer’s stock. JPMorgan Chase’s target price indicates a potential upside of 15.75% from the stock’s current price.

Several other analysts also recently issued reports on STM. Credit Suisse Group set a €24.50 ($30.25) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Thursday, January 25th. S&P Global set a €21.30 ($26.30) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Friday, January 26th. UBS set a €15.50 ($19.14) price target on shares of STMicroelectronics and gave the stock a “sell” rating in a research report on Thursday, January 25th. Kepler Capital Markets reissued a “neutral” rating on shares of STMicroelectronics in a research report on Friday, January 26th. Finally, Deutsche Bank set a €16.00 ($19.75) price target on shares of STMicroelectronics and gave the stock a “sell” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of €20.27 ($25.02).

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Shares of EPA:STM opened at €19.87 ($24.53) on Monday. STMicroelectronics has a 52-week low of €12.40 ($15.31) and a 52-week high of €21.45 ($26.48).

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About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

Analyst Recommendations for STMicroelectronics (EPA:STM)

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