STMicroelectronics Shares Target 40 Euros According to Oddo BHF, +37% Upside Potential
STMicroelectronics shares rose by 1.73% at midday this Monday, reaching 29.11 euros, after closing at 28.62 euros on Friday. The Franco-Italian semiconductor manufacturer has shown strong momentum over the past few weeks, with a gain of more than 7% in seven days and nearly 30% over three months. This increase occurs while the CAC 40 is slightly down by 0.05% during the session, at 7,907 points.
The session is highlighted by the release of a new analysis note from Oddo BHF on the stock. The research firm raised its price target from 36 to 40 euros this Monday, while maintaining its 'outperform' rating. At 29.11 euros, this new target implies an upside potential of about 37% from the current price. This increase is a sign of confidence in the company's trajectory, as the next quarterly results are expected on April 23, 2026. However, STMicroelectronics is still down nearly 29% year-on-year, reflecting the significant correction the semiconductor sector underwent before the recent rebound.
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From a technical standpoint, the price of 29.11 euros positions the stock very close to its identified resistance at 29.22 euros. A confirmed breach of this level would be a bullish signal likely to pave the way for an extension of the movement. The 50-day moving average, at 26.26 euros, is significantly below the current price, indicating an acceleration of the underlying trend observed in recent weeks. The RSI is at 51, in a neutral zone, suggesting that the stock is not yet in overbought territory despite its recent progress. The upper Bollinger band, at 29.56 euros, is just above the price, which could temporarily limit the upward amplitude in the absence of additional catalysts. In the European semiconductor sector, ASML Holding is up by 1.05% during the session, confirming a positive trend shared by tech stocks this Monday.
Jean-Marc Chéry, Président du Directoire et Directeur Général de ST, a déclaré :
Risks mentioned
Diminution des charges liées aux capacités non utilisées.
Changements éventuels des tarifs douaniers globaux.
Opportunities identified
Contribution de l'activité capteurs MEMS de NXP au chiffre d'affaires net.
Les informations présentées dans cet article sont fournies à titre purement indicatif et ne constituent en aucun cas une recommandation d'investissement, une incitation à acheter ou vendre un actif financier, ni un conseil en placement. Le lecteur est invité à réaliser ses propres recherches avant toute décision.
Les investissements en bourse comportent des risques, notamment de perte en capital. La performance passée d'un actif ou d'un marché ne présage en rien de ses performances futures. Toute décision d'investissement doit être prise en tenant compte de votre situation financière personnelle, de vos objectifs et de votre tolérance au risque.
