Baird upgrades STMicroelectronics on cycle recovery, margin rebound
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/2/2026
- Wall Street ends higher as Amazon soothes AI jitters
- Amazon shares rally as cloud growth surges and spending outlook climbs
- Apple shares sink on disappointing September quarter sales outlook
- Novo Nordisk stock tumbles 10% as key trial misses goal
- AI wizkid Leopold Aschenbrenner forced to sell entire portfolio after rout
- SCYNEXIS (SCYX) Move Attributed to Morning Note from Brookline
- AbbVie (ABBV) Misses Q2 EPS by 6c, Beats on Revenue; Offers FY26 EPS Guidance
- Short sellers pile into SpaceX ahead of earnings, lockup expiration
- Wall Street ends higher as Amazon soothes AI jitters
- Novo Nordisk's ziltivekimab fails to reduce heart risk in ZEUS trial
- After-Hours Stock Movers: AAPL, AMZN, COIN, RBLX, RDDT, AXTI, FND, WU, GDDY
- After-Hours Stock Movers: META, MSFT, CMG, SBUX, CVNA, LRCX, FTNT, QCOM, TDOC
- After-Hours Stock Movers: F, BE, STX, WDC, KLAC, SWKS, NXPI, CSGP, ENPH
- After-Hours Stock Movers: FFIV, CDNS, APLD, RMBS, ESI, SANM
- After-Hours Stock Movers: INTC, AMD, ARM, MXL, EW, DECK
Baird on STMicroelectronics (STM): 'Buy on Weakness'
July 24, 2025 2:28 PM EDTBaird analyst Tristen Gerra reiterated an Outperform rating and $50.00 price target on STMicroelectronics (NYSE: STM).
The analyst comments "4Q backlog is up significantly versus into 3Q, with all end markets ex Automotive back to YoY growth in 3Q. Disti inventories declined substantially QoQ. Currency was the primary reason for the flat GM outlook which remains at a bottom. Valuation is very attractive at 1.8x EV/sales and less than 9x our 2027 EPS estimate of $3. Outperform rated 4Q backlog is up significantly versus into 3Q. 3Q revenue guidance embeds a strong sequential... More
