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STMicroelectronics (STM)
NYSE:STM

STMicroelectronics (STM) AI Stock Analysis

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STM

STMicroelectronics

(NYSE:STM)

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Neutral 64 (OpenAI - 5.2)
Rating:64Neutral
Price Target:
$32.00
▲(14.86% Upside)
The score is driven primarily by stable-but-pressured financial performance (strong balance sheet but weak growth and margin compression). Technicals add support via an upward trend, while valuation is a notable drag due to the high P/E. Earnings call signals stabilization, but near-term guidance and ongoing capacity/margin headwinds keep the outlook mixed.
Positive Factors
Balance Sheet Strength
A conservative leverage profile and strong equity ratio provide durable financial flexibility for ST to fund R&D, capex and restructuring without excessive refinancing risk. This supports multi-year investments in capacity and product development even through cyclical downturns.
Design Wins & Market Position
Sustained design wins across automotive, industrial and data-center segments create a multiyear revenue pipeline and deepen customer integrations. These wins improve stickiness, let ST capture higher content-per-vehicle/device and support secular trends like electrification, IoT and optical interconnects.
Strategic European Funding & Planned CapEx
Significant EIB backing plus planned $2.0–2.2B net capex for 2026 materially de-risks capital intensity of fabs and supports European capacity scaling. This structural support improves strategic autonomy, enables long-term manufacturing investments and underpins future revenue growth potential.
Negative Factors
Revenue Decline Trend
Material revenue contraction and a negative TTM growth trend reduce operating leverage and question near-term market share trends in key segments. Persistent top-line weakness constrains margin recovery and limits the runway for organic reinvestment without structural demand improvement.
Margin Pressure from Underutilization
Underutilized fabs and manufacturing inefficiencies create recurring margin headwinds; guidance includes ~220bps of unused-capacity charges in Q1. These structural cost overlays can depress gross margins and operating profitability until reshaping and utilization improvements are realized, a multi-quarter risk.
Restructuring & Impairment Costs
Large nonrecurring charges materially reduced reported earnings and signal costly manufacturing reshaping. Benefits are expected mostly in 2H 2027–2028, implying a prolonged period of execution risk, near-term earnings drag and potential cash deployment that limits flexibility in the interim.

STMicroelectronics (STM) vs. SPDR S&P 500 ETF (SPY)

STMicroelectronics Business Overview & Revenue Model

Company DescriptionSTMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The Automotive and Discrete Group segment offers automotive integrated circuits (ICs), and discrete and power transistor products. The Analog, MEMS and Sensors Group segment provides industrial application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs); general purpose analog products; custom analog ICs; wireless charging solutions; galvanic isolated gate drivers; low and high voltage amplifiers, comparators, and current-sense amplifiers; MasterGaN, a solution that integrates a silicon driver and GaN power transistors in a single package; wireline and wireless connectivity ICs; touch screen controllers; micro-electro-mechanical systems (MEMS) products, including sensors or actuators; and optical sensing solutions. The Microcontrollers and Digital ICs Group segment offers general purpose and secure microcontrollers; and radio frequency (RF) products. It also offers application-specific standard products for analog, digital and mixed-signal applications. In addition, the company provides assembly and other services. It sells its products through distributors and retailers, as well as through sales representatives. The company serves automotive, industrial, personal electronics and communications equipment, and computers and peripherals markets. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Schiphol, the Netherlands.
How the Company Makes MoneySTMicroelectronics generates revenue primarily through the sale of semiconductor products across various sectors, with a significant focus on automotive, industrial, and consumer markets. Its revenue model is based on direct sales to original equipment manufacturers (OEMs) and distributors, as well as partnerships with technology firms to develop custom solutions. Key revenue streams include microcontrollers, sensors, and power management products, which are essential for modern electronic devices. Additionally, STMicroelectronics benefits from strategic partnerships and collaborations in research and development, enhancing its product offerings and market reach. The company also capitalizes on trends such as electrification in automotive applications and the growing demand for IoT devices, contributing to its earnings and overall growth.

STMicroelectronics Key Performance Indicators (KPIs)

Any
Any
Revenue by Segment
Revenue by Segment
Analyzes revenue from different business segments, highlighting which areas drive growth and profitability, and indicating strategic focus and market demand.
Chart InsightsSTMicroelectronics' revenue from Analog Products rebounded in Q3 2025, driven by strong industrial design activity, despite earlier declines. However, Power and Discrete Products continue to struggle, reflecting a significant year-over-year drop, impacting overall profitability. The earnings call highlights a strategic pivot towards automotive and industrial segments, with notable growth in these areas. Despite challenges, the company is optimistic about future revenue growth, supported by innovation and a key acquisition in the MEMS sensor business, although Q4 guidance suggests cautious optimism amid ongoing sector challenges.
Data provided by:The Fly

STMicroelectronics Earnings Call Summary

Earnings Call Date:Jan 29, 2026
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: Q4 showed tangible signs of stabilization and operational progress (revenue beat, sequential margin improvement, positive free cash flow, inventory normalization, strong RF/optical and industrial momentum, and meaningful design wins). However, the company reported a difficult full year with double-digit revenue decline, significant margin erosion versus 2024, sizeable impairment and restructuring charges, and a cautious Q1 2026 guide (revenue down ~8.7% sequential and margin pressure from unused capacity charges). Management articulated clear medium-term growth drivers (SiC recovery, NXP MEMS acquisition, MCU roadmap, data center/opto momentum) and a reshaping plan whose efficiency gains are expected later, but near-term challenges and charges keep the picture balanced.
Q4-2025 Updates
Positive Updates
Q4 Revenue Beat and Return to YoY Growth
Q4 2025 revenue of $3.33 billion came in above the midpoint of guidance and marked a return to year-over-year growth versus prior year.
Improved Q4 Profitability and Non-GAAP EPS
Q4 gross margin was 35.2% (200 bps sequential improvement) and non-U.S. GAAP diluted EPS was $0.11 (ex-impairments/restructuring).
Strong Q4 Free Cash Flow and Solid Liquidity
Generated $257 million free cash flow in Q4; full-year 2025 free cash flow was $265 million; net financial position remained solid at $2.79 billion with total liquidity of $4.92 billion.
Inventory Reduction and Normalization
Inventory stabilized at $3.14 billion with days sales of inventory at 130 days, improved from 135 days the prior quarter; distribution inventories have further decreased and are normalizing.
Segment and End-Market Strengths (RF/Optical, Industrial, Personal Electronics)
RF & Optical Communication grew 22.9% YoY and +30.5% sequentially; Industrial revenues up ~5% YoY and sequentially; Personal Electronics and Communication & Computer Peripheral end markets both showed growth YoY (each ~17% YoY by end-market reporting).
Design Wins and Market Momentum in Key Growth Areas
Notable design wins across automotive (power semiconductors, MCUs, sensors), industrial automation, AI/data center (silicon and SiC power solutions), and pluggable optics; LEO satellite shipments ramping to second-largest customer.
Sustainability and Operational Milestones
On track for 2027 sustainability commitments (Scope 1/2 carbon neutrality, 100% renewable sourcing); launched Singapore's largest industrial district cooling system; recognized on Time's most sustainable companies list for a second consecutive year.
Strategic Actions and M&A
Acquisition of NXP's MEMS sensor business expected to close in H1 2026 to strengthen sensor leadership; planned 2026 net CapEx of ~$2.2 billion to support cloud optical interconnect capacity and manufacturing reshaping.
Negative Updates
Full-Year Revenue and Margin Declines
Full-year 2025 net revenues decreased 11.1% to $11.8 billion; full-year gross margin fell to 33.9% from 39.3% in 2024 (down ~540 basis points).
Significant Segment Weaknesses (Power & Discrete, Automotive)
Power & Discrete revenues declined 31.6% YoY; Automotive end market decreased about 15% YoY and was below expectations in Q4 despite a 3% sequential increase.
Large Nonrecurring Charges and Q4 Loss
Full-year impairment, restructuring and related phaseout costs totaled $376 million (Q4 portion $141 million); Q4 reported net loss of $30 million, including a one-time noncash tax expense of $163 million.
Ongoing Manufacturing Inefficiencies and Unused Capacity Charges
Gross margin pressure driven by lower manufacturing efficiencies, negative currency effects and higher unused capacity/underutilization charges; Q1 2026 guidance includes ~220 bps of unused capacity charges and Q4 included ~50 bps of nonrecurring reshipping costs (expected to continue in near term).
Q1 2026 Guidance - Sequential Revenue Decline
Q1 2026 revenue guidance of $3.04 billion implies an 8.7% sequential decline (±350 bps); gross margin guidance ~33.7% (±200 bps), indicating near-term margin compression.
Lower Operating Income and EPS Versus Prior Year
Operating income for 2025 was $175 million vs $1.68 billion in 2024; reported net income $166 million (EPS $0.18) vs prior-year results significantly higher; non-GAAP FY EPS was $0.53 but below prior-year levels.
SiC Contraction in 2025 and Competitive Pressure in China
Silicon carbide experienced a significant contraction in 2025; management cited heightened competition in China affecting powertrain markets and competitiveness that requires capacity/reshaping actions.
Timing of Restructuring Benefits
Manufacturing reshaping and efficiency benefits expected mostly in 2H 2027 and 2028; near-term savings are limited with some phaseout/start-up costs impacting 2026 OpEx and other income/expenses.
Company Guidance
ST guided Q1 2026 revenues of $3.04 billion (down 8.7% sequentially, ±350 bps) and a gross margin of about 33.7% (±200 bps), which includes ~220 bps of unused‑capacity charges; Q1 net OpEx is expected to be ~$860 million (down quarter‑on‑quarter). For full‑year 2026 management plans ~ $2.2 billion of net CapEx to support cloud optical interconnect and manufacturing reshaping, expects unused‑capacity charges to decline through the year, anticipates gross margin to rise after Q1 (with Q4 2026 expected to be above Q4 2025), and sees inventory normalizing (end‑Q1 inventory days ~140 vs 130 today). Guidance excludes any additional tariff impacts, and the company reiterated confidence in organic growth and specific targets such as ~$500 million in data‑center/optical revenue in 2026.

STMicroelectronics Financial Statement Overview

Summary
Mixed fundamentals: low leverage and a strong capital structure support stability, but revenue growth is negative in the TTM period and gross/net margins have compressed. Cash flow shows improved free-cash-flow growth, yet weak profit-to-cash conversion remains a concern.
Income Statement
65
Positive
STMicroelectronics has shown a decline in revenue growth with a negative growth rate in the TTM period, indicating potential market challenges. The gross profit margin and net profit margin have decreased over the years, reflecting pressure on profitability. However, the company maintains a reasonable EBIT and EBITDA margin, suggesting operational efficiency.
Balance Sheet
72
Positive
The company has a low debt-to-equity ratio, indicating a conservative leverage position, which is a positive sign of financial stability. However, the return on equity has decreased in the TTM period, suggesting reduced profitability for shareholders. The equity ratio remains strong, reflecting a solid capital structure.
Cash Flow
60
Neutral
The free cash flow growth rate has improved significantly in the TTM period, but the free cash flow to net income ratio is negative, indicating potential issues in converting profits into cash. The operating cash flow to net income ratio is moderate, suggesting adequate cash generation from operations.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue11.78B13.27B17.29B16.13B12.76B10.22B
Gross Profit4.07B5.22B8.29B7.63B5.33B3.79B
EBITDA2.67B3.72B6.38B5.71B3.42B2.24B
Net Income534.71M1.56B4.21B3.96B2.00B1.11B
Balance Sheet
Total Assets24.81B24.74B24.45B19.98B15.54B14.45B
Cash, Cash Equivalents and Short-Term Investments4.80B6.18B6.08B4.52B3.52B3.72B
Total Debt2.38B3.17B3.17B2.91B2.74B2.82B
Total Liabilities6.62B7.06B7.60B7.22B6.27B5.95B
Stockholders Equity17.95B17.45B16.73B12.69B9.21B8.45B
Cash Flow
Free Cash Flow106.19M-216.00M1.46B1.57B1.12B735.00M
Operating Cash Flow2.16B2.96B5.99B5.20B3.06B2.09B
Investing Cash Flow-1.57B-3.74B-5.77B-4.59B-1.52B-2.04B
Financing Cash Flow-1.67B-155.00M-267.00M-567.00M-1.31B348.00M

STMicroelectronics Technical Analysis

Technical Analysis Sentiment
Positive
Last Price27.86
Price Trends
50DMA
26.66
Positive
100DMA
26.54
Positive
200DMA
26.70
Positive
Market Momentum
MACD
0.55
Positive
RSI
56.93
Neutral
STOCH
42.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For STM, the sentiment is Positive. The current price of 27.86 is below the 20-day moving average (MA) of 28.55, above the 50-day MA of 26.66, and above the 200-day MA of 26.70, indicating a bullish trend. The MACD of 0.55 indicates Positive momentum. The RSI at 56.93 is Neutral, neither overbought nor oversold. The STOCH value of 42.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for STM.

STMicroelectronics Risk Analysis

STMicroelectronics disclosed 33 risk factors in its most recent earnings report. STMicroelectronics reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Individual customer use of certain products, which may differ from the anticipated uses of such products and result in differences in performance, including energy consumption, may lead to a failure to achieve our disclosed emission-reduction goals, adverse legal action or additional research costs. Q4, 2024

STMicroelectronics Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$24.20B18.7311.43%6.06%5.87%-20.93%
73
Outperform
$24.76B77.553.87%-16.13%-81.06%
69
Neutral
$40.45B37.3611.16%2.29%8.01%10.41%
64
Neutral
$25.44B150.940.93%1.28%-17.33%-76.71%
63
Neutral
$23.44B-487.89-0.38%0.25%-106.22%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
55
Neutral
$17.14B-279.72-4.42%32.58%-173.04%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
STM
STMicroelectronics
29.33
7.28
33.02%
ASX
ASE Technology Holding Co
18.99
9.16
93.18%
MTSI
MACOM Technology Solutions Holdings
215.03
79.30
58.42%
ON
ON Semiconductor
62.06
10.34
19.99%
UMC
United Micro
9.95
4.17
72.23%
GFS
GlobalFoundries Inc
41.10
0.52
1.28%

STMicroelectronics Corporate Events

STMicroelectronics Posts Flat Q4 Revenue, Lower 2025 Profit as Restructuring Weighs on Margins
Jan 29, 2026

On January 29, 2026, STMicroelectronics reported that fourth-quarter 2025 net revenues were essentially flat year on year at $3.33 billion, with gross margin slipping to 35.2% and operating income falling to $125 million as the group booked $141 million in impairment, restructuring and phase-out charges tied to a company-wide program to reshape its manufacturing footprint and reduce its global cost base. The quarter nonetheless marked a return to year-on-year revenue growth, driven notably by stronger Personal Electronics, imaging-related gains within analog, MEMS and sensors, and robust RF & Optical Communications, even as automotive and power and discrete products underperformed and the company posted a small net loss. For full-year 2025, revenue declined 11.1% to $11.80 billion and operating margin dropped to 1.5%, reflecting softer demand and significant restructuring costs, while ST maintained capital spending of $1.79 billion and generated $265 million of free cash flow; management guided for first-quarter 2026 revenues of about $3.04 billion with a gross margin of 33.7% and plans to lift 2026 net capex to $2.0–$2.2 billion, underscoring an ongoing strategic focus on innovation, manufacturing realignment and improved cash generation despite near-term margin pressure.

The most recent analyst rating on (STM) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics Shareholders Approve New Supervisory Board Appointments at EGM
Dec 18, 2025

On December 18, 2025, STMicroelectronics announced that shareholders at its Extraordinary General Meeting in Amsterdam approved all proposed resolutions concerning changes to the company’s Supervisory Board. The meeting confirmed the appointments of Armando Varricchio and Orio Bellezza as new members of the Supervisory Board, each with a term running until the conclusion of the 2028 Annual General Meeting, reinforcing the group’s governance structure and board continuity for the medium term.

The most recent analyst rating on (STM) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics and SpaceX Mark Ten Years of Starlink Partnership
Dec 15, 2025

On December 15, 2025, STMicroelectronics and SpaceX celebrated a decade-long partnership that has significantly contributed to the success of SpaceX’s Starlink project, which provides global broadband connectivity via low Earth orbit satellites. This collaboration has resulted in the co-design and production of billions of custom-made components for Starlink’s user terminals and satellites, leveraging ST’s BiCMOS chip technology. The partnership has enabled SpaceX to scale production to meet the growing demand for high-speed internet, with over 8 million users across more than 150 countries. The ongoing collaboration focuses on advancing next-generation satellite technologies and user terminals, reinforcing ST’s position as a key player in the semiconductor industry and enhancing SpaceX’s capabilities in delivering reliable internet connectivity worldwide.

The most recent analyst rating on (STM) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics and EIB Secure €1 Billion Deal to Boost European Semiconductor Industry
Dec 11, 2025

On December 11, 2025, STMicroelectronics and the European Investment Bank (EIB) announced a €1 billion agreement to enhance Europe’s competitiveness and strategic autonomy in the semiconductor industry. The first €500 million tranche will support research and development and high-volume chip manufacturing in Italy and France. This agreement marks the ninth collaboration between EIB and ST, bringing total financing to approximately €4.2 billion, and aims to bolster Europe’s technological sovereignty and create high-skilled jobs.

The most recent analyst rating on (STM) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics Completes Share Buyback Program in November 2025
Dec 1, 2025

On December 1, 2025, STMicroelectronics announced the completion of a share buyback program, repurchasing 206,478 ordinary shares between November 24 and November 25, 2025, at an average price of EUR 19.1345 per share. This buyback, aimed at fulfilling obligations related to employee share options and other allocations, reflects the company’s strategic financial management and its commitment to shareholder value. The shares, representing 0.02% of the issued share capital, may be held in treasury or used for other lawful purposes, indicating flexibility in the company’s capital allocation strategy.

The most recent analyst rating on (STM) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics Completes Share Buyback Program in November 2025
Nov 24, 2025

STMicroelectronics announced the completion of a share repurchase program from November 17 to November 21, 2025, acquiring 645,149 ordinary shares at an average price of EUR 19.2883, totaling EUR 12,443,841.94. This buyback, conducted on Euronext Paris, is part of the company’s strategy to meet obligations from share option programs and potentially other lawful purposes, reflecting its ongoing commitment to shareholder value and market strategy.

The most recent analyst rating on (STM) stock is a Hold with a $23.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics Completes Share Buy-Back Program in November 2025
Nov 17, 2025

On November 17, 2025, STMicroelectronics announced the completion of a share buy-back program conducted from November 10 to November 14, 2025. During this period, the company repurchased 459,424 ordinary shares, representing 0.05% of its issued share capital, at an average price of EUR 20.4957 per share, totaling EUR 9,416,236.25. This initiative is part of the company’s strategy to fulfill obligations related to share option programs and other allocations. The repurchased shares may be held in treasury or used for other lawful purposes, reflecting STMicroelectronics’ ongoing efforts to manage its capital structure effectively.

The most recent analyst rating on (STM) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics Completes Share Buyback Program in November 2025
Nov 10, 2025

On November 10, 2025, STMicroelectronics announced the completion of a share repurchase program conducted from November 3 to November 7, 2025. During this period, the company repurchased 560,000 ordinary shares, representing 0.06% of its issued share capital, at an average price of EUR 20.7751 per share, totaling EUR 11,634,070.50. The purpose of the buyback is to fulfill obligations related to share option programs and other share allocations to employees and management. This strategic move is part of STMicroelectronics’ broader efforts to manage its capital structure and support its long-term financial strategy.

The most recent analyst rating on (STM) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics Reports Q3 2025 Financial Results
Nov 5, 2025

STMicroelectronics released its financial results for the third quarter and nine months ending September 27, 2025. The company reported net revenues of $3.187 billion for the third quarter, marking a 15.2% sequential increase but a 2.0% year-over-year decline. The gross margin stood at 33.2%, slightly down from the previous year. These results reflect the company’s ongoing efforts to manage its financial performance amid varying market conditions. The report also includes certifications and an analysis of financial operations, providing insights into the company’s strategic positioning and operational adjustments.

The most recent analyst rating on (STM) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

STMicroelectronics Completes Share Buyback Program in Late October 2025
Nov 3, 2025

On November 3, 2025, STMicroelectronics announced the completion of a share repurchase program, buying back 347,647 ordinary shares between October 27 and October 31, 2025. This repurchase, amounting to approximately EUR 7.5 million, represents 0.04% of the company’s issued share capital and is part of a strategy to meet obligations related to share option programs for employees and management. The move is aligned with the company’s broader financial strategies and regulatory compliance, potentially impacting shareholder value and market perception.

The most recent analyst rating on (STM) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on STMicroelectronics stock, see the STM Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 29, 2026