Analyst Christopher Rolland of Susquehanna reiterated a Buy rating on STMicroelectronics (STM – Research Report), boosting the price target to $30.00.
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Christopher Rolland has given his Buy rating due to a combination of factors that reflect a positive outlook for STMicroelectronics. The analyst highlights the company’s strategic efforts in realigning its manufacturing footprint and its localization initiatives in China, which are expected to enhance its competitive position in the market. Additionally, the company is poised to benefit from the increasing demand for its products in the automotive, industrial, and personal electronics sectors, despite the challenges posed by tariffs.
Rolland also points to the company’s progress in gaining market share in key product categories such as microcontrollers, MEMS, and image sensors. Furthermore, the analyst is optimistic about the company’s potential in the silicon carbide (SiC) market, particularly outside of Tesla, as well as the broader adoption of electric vehicles and advanced driver-assistance systems (ADAS). The increased price target from $28 to $30 reflects these positive developments and the anticipated growth trajectory, although potential risks remain if market conditions shift unfavorably.
In another report released on April 24, Craig-Hallum also reiterated a Buy rating on the stock with a $28.00 price target.