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STMicroelectronics (STM) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Fri Apr 24, 11:54AM CDT

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on STMicroelectronics today and set a price target of $56.00.

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Rakesh covers the Technology sector, focusing on stocks such as Micron, Texas Instruments, and ARM Holdings PLC ADR. According to TipRanks, Rakesh has an average return of 57.5% and a 71.20% success rate on recommended stocks.

In addition to Mizuho Securities, STMicroelectronics also received a Buy from Craig-Hallum’s Anthony Stoss in a report issued today. However, on the same day, William Blair maintained a Hold rating on STMicroelectronics (NYSE: STM).

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Based on STMicroelectronics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.33 billion and a GAAP net loss of $29.98 million. In comparison, last year the company earned a revenue of $3.32 billion and had a net profit of $341 million

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