STM – Stock Analysis & News (2024-03-22)

STM-STMicroelectronics N.V. has been showing positive momentum in recent weeks, with the current price at 42.3. Analysts have reiterated a Buy rating on the stock, citing a decrease in Apple concentration as a positive factor.

– Weekly Forecast: 🟒 (+1.9%)
– Monthly Forecast: 🟒 (+3.4%)

β€’ πŸ”΄ Bank of America analysts reiterated a Buy rating and EUR57 price target on STMicroelectronics N.V., based on the Apple concentration decreasing.
β€’ 🟒 HSBC initiated coverage on STM with a β€œbuy” rating.
β€’ 🟒 STMicroelectronics has a consensus rating of β€œModerate Buy” from seven research firms.
β€’ 🟒 Envestnet Asset Management Inc. increased its holdings in STM by 7.8% in the 3rd quarter.
β€’ 🟒 Natixis Advisors L.P. raised its stake in STM by 1.7% during the third quarter.
β€’ πŸ”΄ Mariner LLC decreased its position in STM by 3.6% during the third quarter.

The recent news surrounding STMicroelectronics N.V. has generally been positive, with analysts maintaining a positive outlook on the stock. The Buy rating from Bank of America and the initiation of coverage with a β€œbuy” rating from HSBC indicate confidence in the company’s future performance. Additionally, the consensus rating of β€œModerate Buy” from multiple research firms suggests a favorable sentiment towards STM.

The increase in holdings by Envestnet Asset Management Inc. and Natixis Advisors L.P. further support the positive outlook for STM. However, the decrease in position by Mariner LLC may have a slight negative impact on the stock price in the short term.

Overall, the recent news for STMicroelectronics N.V. points towards a potential increase in the stock price. Investors may want to keep an eye on further developments and analyst recommendations to make informed decisions about their investments in STM.

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