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STMicroelectronics NV (0INB): New Buy Recommendation for This Technology Giant

Tipranks - Fri Jan 30, 4:00AM CST

Jefferies analyst Janardan Menon maintained a Buy rating on STMicroelectronics NV today and set a price target of €29.00.

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Menon covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Nokia, and Suss Microtec. According to TipRanks, Menon has an average return of 5.7% and a 55.40% success rate on recommended stocks.

In addition to Jefferies, STMicroelectronics NV also received a Buy from Kepler Capital ‘s Sebastien Sztabowicz in a report issued on January 26. However, yesterday, TipRanks – xAI reiterated a Hold rating on STMicroelectronics NV (LSE: 0INB).

The company has a one-year high of €28.41 and a one-year low of €15.76. Currently, STMicroelectronics NV has an average volume of 4.17M.

Based on the recent corporate insider activity of 64 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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