STMicro: Oddo BHF confirms its recommendation for the share

Oddo BHF maintains its “Neutral” rating on STMicro shares, with an unchanged price target of 28 euros, after yesterday’s CMD (Investor Day) in Paris, where STM officially postponed its 25/27 target to 2030 and the preliminary forecast announced goals for 2027/28.

“The 27/28 targets are 9% above consensus, but do not appear unattainable in 2028,” says the analyst.

The broker believes the revenue target of $18 billion in 2027/28, above consensus of $16.4 billion in 2027 and $17.4 billion in 2028, is “ambitious, but not out of reach” and that it “will depend on the order in 2025”. .

“The group has said little about this, but in view of the 2030 targets, the sales target is credible if the 2027/28 target of $18 billion is achieved,” the analyst added.

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