Susquehanna analyst Christopher Rolland raised the price target for STMicroelectronics N.V. (STM) to $40 from $35, maintaining a Positive rating. This adjustment follows insights from management meetings indicating significant recovery and growth opportunities in industrial, automotive, AI, LEO, 800VDC data centers, humanoids, and silicon photonics foundries for 2026. Additionally, STMicroelectronics announced an expanded multi-year strategic collaboration with Amazon Web Services to supply advanced semiconductor technologies for high-performance computing, aiming to reduce operational costs and enhance energy efficiency in data centers.
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Susquehanna Raises its Price Target on STMicroelectronics N.V. (STM) to $40 and Maintains a Positive Rating
Susquehanna analyst Christopher Rolland raised the price target for STMicroelectronics N.V. (STM) to $40 from $35, maintaining a Positive rating. This adjustment follows insights from management meetings indicating significant recovery and growth opportunities in industrial, automotive, AI, LEO, 800VDC data centers, humanoids, and silicon photonics foundries for 2026. Additionally, STMicroelectronics announced an expanded multi-year strategic collaboration with Amazon Web Services to supply advanced semiconductor technologies for high-performance computing, aiming to reduce operational costs and enhance energy efficiency in data centers.