STMicroelectronics NV (0INB): New Buy Recommendation for This Technology Giant
Kepler Capital analyst Sebastien Sztabowicz maintained a Buy rating on STMicroelectronics NV on March 10 and set a price target of €34.00. The company’s shares closed last Tuesday at €29.23.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Sztabowicz is an analyst with an average return of -3.9% and a 44.86% success rate. Sztabowicz covers the Technology sector, focusing on stocks such as STMicroelectronics NV, Soitec SA, and Nokia.
Currently, the analyst consensus on STMicroelectronics NV is a Moderate Buy with an average price target of €28.29, a -3.20% downside from current levels. In a report released on March 10, Deutsche Bank also maintained a Buy rating on the stock with a €32.00 price target.
The company has a one-year high of €29.73 and a one-year low of €15.76. Currently, STMicroelectronics NV has an average volume of 5.12M.
Based on the recent corporate insider activity of 66 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.
Read More on GB:0INB:
Disclaimer & DisclosureReport an Issue
- STMicroelectronics price target raised to EUR 32 from EUR 28 at Deutsche Bank
- Balanced AI Upside and Capital Intensity Leave STMicroelectronics at Hold
- STMicroelectronics enters high-volume production of silicon photonics platform
- STMicroelectronics announces new entry-level microcontrollers
- Unusually active option classes on open March 3rd
