STMicroelectronics Shares Boosted by Deutsche Bank: Target Raised to 42 Euros
STMicroelectronics sees a 1.74% increase this Wednesday mid-morning, reaching 35.40 euros, following a significant target price upgrade earlier in the day. The stock now shows a nearly 97% increase over the past year and more than 46% over three months, significantly outperforming the CAC 40, which is down 0.63% in the session.
Today's catalyst comes from Deutsche Bank, which upgraded its recommendation on STMicroelectronics to 'buy' on April 15, accompanied by a new target price raised from 32 to 42 euros. At the current price of 35.40 euros, this new target implies a potential upside of about 18.7%. This upgrade comes a week before the publication of the first-quarter 2026 results, scheduled for April 23, an event that could validate—or not—the upward trajectory of the Italo-French group. In the European semiconductor sector, the momentum remains strong during the session: ASML Holding is up 1.67% and ASM International by 2.74%. Across the Atlantic, Micron Technology had jumped 9.17% at Tuesday's close, while Advanced Micro Devices had gained 3.34%, in a generally favorable movement for tech stocks.
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From a technical standpoint, the stock is now trading above the upper boundary of the Bollinger Bands, set at 34.57 euros, signaling a potential overbought condition. This breakout follows a rally of 16.82% over seven sessions, pushing the price well beyond its 50-day (28.50 euros) and 200-day (24.50 euros) moving averages, indicating a marked acceleration compared to the medium and long-term trend. The RSI, a momentum indicator, stands at 75, confirming entry into an overbought zone above the conventional threshold of 70. This technical level suggests close monitoring in the coming sessions, especially since the stock has surpassed its previous resistance at 34.79 euros — the last closing price — to reach 35.40 euros. The upcoming quarterly release on April 23 will be the next significant milestone for the stock's trajectory.
« Le chiffre d'affaires du quatrième trimestre a dépassé le milieu de notre prévision et la marge brute a été soutenue par un meilleur mix produit. »
STMicroelectronics a publié ses résultats pour le quatrième trimestre et l'année 2025. Le chiffre d'affaires annuel s'établit à 11,8 milliards de dollars avec une marge brute de 33,9% et un résultat opérationnel de 175 millions de dollars. Le bénéfice net attribuable aux actionnaires pour l'année est de 166 millions de dollars, et le flux de trésorerie disponible (non-U.S. GAAP) pour l'année est de 265 millions de dollars. Pour 2026, le point médian du trimestre est un chiffre d'affaires attendu de 3,04 milliards de dollars et une marge brute d'environ 33,7%.
Risks mentioned
changements dans les politiques commerciales mondiales, y compris les tarifs et barrières commerciaux, susceptibles d'affecter la demande
incertitudes macroéconomiques et inflation, influençant la production et la demande finale
écarts entre la demande client et les projections nécessitant des mesures de transformation
capacité à concevoir, fabriquer et vendre des produits innovants dans un environnement technologique rapide
Outlook / guidance
Expected revenue: Le chiffre d'affaires du premier trimestre 2026 est attendu autour de 3,04 milliards de dollars, en baisse séquentielle d'environ 8,7% et avec une marge brute d'environ 33,7% (plus ou moins 350 pb pour le chiffre d'affaires et plus ou moins 200 pb pour la marge brute).
Management commentary: La direction souligne que les perspectives dépendent des conditions macroéconomiques, des taux de change et du mix produit.
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