STMicroelectronics N.V. (STM) Receives Price Target

STMicroelectronics N.V. (STM) : The highest short term price target forecast on STMicroelectronics N.V. (STM) is $8 and the lowest target price is $7. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $7.37 with a standard deviation of $0.55.

STMicroelectronics N.V. (STM) : The consensus on STMicroelectronics N.V. (STM) based on 5 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


STMicroelectronics N.V. (NYSE:STM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.53 and $7.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.54, notching a gain of 0.13% for the day. The total traded volume was 1,713,364 . The stock had closed at $7.53 on the previous day.

STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines, such as Automotive (APG), Industrial and Power Discrete (IPD), Analog and MEMS (AMS), and other SP&A. The EPS segment consists of product lines, such as Digital Convergence Group (DCG), and Imaging, BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers, Memory & Secure MCU (MMS), and Other EPS. The Company operates in Semiconductors and Subsystems business areas.

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