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New Buy Rating for STMicroelectronics NV (0INB), the Technology Giant

New Buy Rating for STMicroelectronics NV (0INB), the Technology Giant

In a report released on July 21, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on STMicroelectronics NV, with a price target of €28.00. The company's shares closed last Monday at €28.30.
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According to TipRanks, Sztabowicz is an analyst with an average return of -3.5% and a 45.60% success rate. Sztabowicz covers the Technology sector, focusing on stocks such as STMicroelectronics NV, Soitec SA, and Adyen.
In addition to Kepler Capital , STMicroelectronics NV also received a Buy from Deutsche Bank 's Johannes Schaller CFA in a report issued on July 9. However, on July 21, Morgan Stanley maintained a Hold rating on STMicroelectronics NV (LSE: 0INB).
The company has a one-year high of €45.42 and a one-year low of €15.50. Currently, STMicroelectronics NV has an average volume of 2.33M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0INB in relation to earlier this year.
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