STMicroelectronics (STM) Gets a Hold from TD Cowen

Business Insider

18 hours ago

TD Cowen analyst Joshua Buchalter maintained a Hold rating on STMicroelectronics (STM – Research Report) yesterday and set a price target of $30.00. The company's shares closed yesterday at $29.91.
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Buchalter covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Analog Devices. According to TipRanks, Buchalter has an average return of 0.1% and a 51.70% success rate on recommended stocks.
STMicroelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $27.02, implying a -9.66% downside from current levels. In a report released on June 6, Bank of America Securities also reiterated a Hold rating on the stock with a €27.00 price target.
Based on STMicroelectronics' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.52 billion and a net profit of $56 million. In comparison, last year the company earned a revenue of $3.47 billion and had a net profit of $513 million