Mizuho raised the firm’s price target on STMicroelectronics (STM) to $26 from $22 and keeps a Neutral rating on the shares. The firm adjusted targets in the semiconductors and semiconductor capital equipment group heading into 2026. U.S. electric vehicle sales were down 20%-50% month-over-month in October and November, and 2026 launch cancels and delays will be a headwind in 2026, the analyst tells investors in a research note. Mizuho sees a mixed sector outlook with EV headwinds for the analog and auto component supply chain, with industrials potentially performing better.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STM:
- STMicroelectronics and SpaceX Mark Ten Years of Starlink Partnership
- Largest borrow rate increases among liquid names
- STMicroe has shipped 5B chips for Starlink in last decade, Reuters reports
- STMicro Stock (STM) Jumps on 5B Starlink Chips Shipment, Eyes Doubling by 2027
- The Week That Was, The Week Ahead: Macro & Markets, Dec. 14