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STMicroelectronics (STM) Receives a Hold from Mizuho Securities

Tipranks - Tipranks - Fri Jan 30, 1:04PM CST

Mizuho Securities analyst Vijay Rakesh reiterated a Hold rating on STMicroelectronics today and set a price target of $29.00.

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Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Western Digital, and Applied Materials. According to TipRanks, Rakesh has an average return of 44.4% and a 67.61% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for STMicroelectronics with a $31.00 average price target.

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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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