Bernstein SocGen Group Downgrades STMicroelectronics (STM) to Market Perform

Bernstein SocGen Group analyst Sara Russo downgraded STMicroelectronics (NYSE: STM) from Outperform to Market Perform with a price target of $26.00 (from $33.00).

The analyst comments "Following weak Q1 guidance and lack of visibility implied by no 2025 guidance, we have considerably revised down our 2025 estimates, coming in below consensus—we think estimates in to H2 need to come down further. Although we factor in a stronger rebound in 2026 and 2027, we are still short of street on topline and Diluted EPS. We roll our valuation forward 2026. Using a 14x P/E on our 2026 EPS of ~1.7USD (previously 20x 2025) we lower our target price to 25 EUR and downgrade STMPA to Market-Perform."

For an analyst ratings summary and ratings history on STMicroelectronics click here. For more ratings news on STMicroelectronics click here.

Shares of STMicroelectronics closed at $22.37 yesterday.

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