STMicroelectronics N.V. : There are questions around the Q4 release, yes, but the 2023 consensus looks cautious enough and the valuation remains very compelling
>Outperform rating maintained ahead of the release, TP € 53 (34% upside) - STM is due to report its Q4 2022 results on 26 January with a conference call at 9.30 CET. Despite legitimate question marks around the group’s capacity to maintain a good level of growth in 2023, in an uncertain macroeconomic climate and, importantly, high margins historically in an environment of price normalisation, we remain optimistic. We continue to be positively impressed by the newsflo...STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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