Mizuho Securities Reaffirms Their Hold Rating on STMicroelectronics (STM)
In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Hold rating on STMicroelectronics, with a price target of $32.00.
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According to TipRanks, Rakesh is a top 25 analyst with an average return of 48.4% and a 65.52% success rate. Rakesh covers the Technology sector, focusing on stocks such as Western Digital, Broadcom, and Nvidia.
In addition to Mizuho Securities, STMicroelectronics also received a Hold from TD Cowen’s Joshua Buchalter in a report issued on January 29. However, on January 30, Robert W. Baird reiterated a Buy rating on STMicroelectronics (NYSE: STM).
Based on STMicroelectronics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.17 billion and a net profit of $235.98 million. In comparison, last year the company earned a revenue of $3.25 billion and had a net profit of $351 million
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