STMicroelectronics (EPA:STM) Given a €23.00 Price Target by JPMorgan Chase & Co. Analysts

STMicroelectronics (EPA:STM) has been given a €23.00 ($26.74) target price by research analysts at JPMorgan Chase & Co. in a report issued on Wednesday, October 3rd. The firm presently has a “buy” rating on the semiconductor producer’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 15.75% from the company’s current price.

A number of other brokerages also recently weighed in on STM. Credit Suisse Group set a €27.00 ($31.40) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Tuesday, July 17th. UBS Group set a €16.50 ($19.19) price objective on shares of STMicroelectronics and gave the company a “sell” rating in a research report on Friday, August 17th. Deutsche Bank set a €20.00 ($23.26) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Cfra set a €25.80 ($30.00) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Thursday, June 21st. Finally, Bank of America restated a “neutral” rating on shares of STMicroelectronics in a research report on Friday, September 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of €21.63 ($25.15).

STM opened at €19.87 ($23.10) on Wednesday. STMicroelectronics has a 1-year low of €12.40 ($14.42) and a 1-year high of €21.45 ($24.94).

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

Featured Story: What are the benefits of buying treasury bonds?

Analyst Recommendations for STMicroelectronics (EPA:STM)

Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply