Bernstein analyst Aleksander Peterc maintained a Buy rating on Soitec SA (0RMT – Research Report) yesterday and set a price target of €135.00.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Aleksander Peterc’s rating is based on a combination of factors, despite Soitec’s recent revenue miss and lowered guidance. Although there was a significant shortfall in the Auto & Industrial and Edge and Cloud AI segments, the Mobile Communications segment exceeded expectations, indicating potential resilience in certain areas of the business.
Furthermore, Soitec’s innovations in Photonics-SOI for datacenters and Piezo-on-insulators for RF-FEM filters demonstrate promising advancements that could bolster future growth. While the immediate financial outlook may seem challenging, these technological developments might provide strategic opportunities for Soitec, justifying a Buy rating in anticipation of longer-term gains.
According to TipRanks, Peterc is ranked #4540 out of 9370 analysts.