STMicroelectronics (STM) Stock Forecast & Price Target

$24.48 -0.06 (-0.24%)

(As of 11/22/2024 ET)

STMicroelectronics - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
1

Hold
3

Buy
8

Based on 12 Wall Street analysts who have issued ratings for STMicroelectronics in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a sell rating, 3 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for STM.

Consensus Price Target

$37.63
53.73% Upside

According to the 12 analysts' twelve-month price targets for STMicroelectronics, the average price target is $37.63. The highest price target for STM is $45.80, while the lowest price target for STM is $30.00. The average price target represents a forecasted upside of 53.73% from the current price of $24.48.

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STM Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$37.63	$39.80	$43.13	$53.00
Forecasted Upside	53.73% Upside	41.03% Upside	36.97% Upside	16.15% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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STM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

STM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

STMicroelectronics Stock vs. The Competition

Type	STMicroelectronics	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.67	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	53.73% Upside	532.55% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent STM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2024	Susquehanna 2 of 5 stars		Reiterated Rating	Positive ➝ Positive	$33.00 ➝ $33.00	+34.67%
11/4/2024	Morgan Stanley 3 of 5 stars		Downgrade	Equal Weight ➝ Underweight
11/1/2024	Robert W. Baird 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$35.00 ➝ $30.00	+12.44%
10/31/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$42.00 ➝ $36.00	+32.69%
10/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Gardiner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/30/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$54.00 ➝ $41.00	+25.04%
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7/26/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$50.00 ➝ $40.00	+19.51%
6/18/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Duval Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$35.50 ➝ $45.80	+6.31%
4/26/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform
4/23/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
2/22/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
12/15/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
7/12/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Hold
1/27/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$50.00 ➝ $56.00	+19.94%
1/17/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight
12/12/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Positive	$50.00	+30.75%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 05:48 AM ET.

Should I Buy STMicroelectronics Stock? STM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 8, 2024. Please send any questions or comments about these STMicroelectronics pros and cons to contact@marketbeat.com.

STMicroelectronics
Bull Case

Here are some ways that investors could benefit from investing in STMicroelectronics:

STMicroelectronics has a low price-to-earnings ratio of 7.11, indicating the stock may be undervalued compared to its earnings potential. A low P/E ratio can be attractive to value investors looking for bargains.
Recent dividend announcement with a dividend yield of 1.29%. Dividends can provide investors with a steady income stream, especially in uncertain market conditions.
STMicroelectronics has a strong quick ratio of 2.56 and a current ratio of 3.35, indicating the company has enough liquid assets to cover its short-term liabilities. This financial stability can be reassuring to investors.
Positive quarterly earnings report with earnings per share beating analyst estimates. This demonstrates the company's ability to generate profits and meet market expectations.
Institutional investors have been increasing their stake in STMicroelectronics, which can signal confidence in the company's future growth prospects.

STMicroelectronics
Bear Case

Investors should be bearish about investing in STMicroelectronics for these reasons:

STMicroelectronics stock has experienced a significant decline from its 12-month high of $51.27 to $27.91, indicating potential volatility and downside risk in the stock price.
The company's revenue was down 25.3% on a year-over-year basis, suggesting a decline in sales performance that may impact future earnings growth.
Analysts have downgraded the stock and lowered price targets, indicating concerns about the company's future prospects and market performance.
The PEG ratio of 3.35 suggests that the stock may be overvalued relative to its expected earnings growth rate. This could deter growth investors seeking stocks with better growth potential.
Market analysts have given a consensus rating of "Moderate Buy," implying mixed opinions on the stock's outlook, which could lead to uncertainty among investors.

STM Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for STMicroelectronics is $37.63, with a high forecast of $45.80 and a low forecast of $30.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for STMicroelectronics in the last twelve months. There is currently 1 sell rating, 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" STM shares.
: According to analysts, STMicroelectronics's stock has a predicted upside of 53.73% based on their 12-month stock forecasts.
: Over the previous 90 days, STMicroelectronics's stock had 1 upgrade and 1 downgrade by analysts.
: STMicroelectronics has been rated by research analysts at Citigroup, Craig Hallum, Morgan Stanley, Robert W. Baird, and Susquehanna in the past 90 days.
: Analysts like STMicroelectronics less than other "computer and technology" companies. The consensus rating score for STMicroelectronics is 2.67 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how STM compares to other companies.

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This page (NYSE:STM) was last updated on 11/25/2024 by MarketBeat.com Staff

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STMicroelectronics (STM) Stock Forecast & Price Target