STMicroelectronics Shares Dip at Close Despite Target Revision

Session Closing Lower Despite Positive Forecasts

STMicroelectronics ended the Friday session down 0.29% at 24.31 euros, with moderate trading volumes representing 0.26% of the capital. This movement contrasts with the recent dynamics of the stock, which has shown a rebound of 1.25% over the week. The day was animated by two target revisions: TD Cowen raised its target from 21.50 euros to 27.50 euros while maintaining its hold recommendation, while the day before, Equita SIM upgraded its rating to buy targeting 30 euros. These expectations suggest significant upside potential relative to the current price, although other brokers like Goldman Sachs remain more cautious with a target at 22.60 euros. The semiconductor sector benefited on Thursday from TSMC's solid earnings release, where fourth-quarter sales increased by 20.5% and net profit surged by 35%, indirectly supporting all European players in the sector.

Technical Outlook Shows Constructive Mid-Term Trend

Technically, the stock is trading above its 50-day and 200-day moving averages, at 21.65 euros and 22.80 euros respectively, confirming a constructive mid-term trend. However, the price is approaching the resistance threshold of 25.02 euros, whose breach would pave the way for further gains. The MACD indicator, with a signal line at 0.87 and a slightly positive histogram at 0.02, validates this moderately bullish orientation. The RSI at 68 points indicates a resurgence of investor interest, while remaining below the overbought zone of 70, suggesting that the movement could continue without immediate technical excess. The stock is in a phase of gradual reconquest after difficult months, with a one-year performance of only 1.02%. Investors are now awaiting the publication of the 2025 annual results, scheduled for January 29, which should provide clarity on the group's prospects in an improving sectoral context.