STMicroelectronics N.V. : Consensus forecasts for 2022 too low
>Outperform recommendation maintained, target price raised to € 53 (vs € 50) - As the end of Q4 approaches, we reiterate our Outperform recommendation and have raised our target price to € 53 vs € 50. Some are calling for greater caution on the sector, due to an inevitable normalisation in market growth in 2022. This deceleration remains relative since we anticipate growth of +10-15% in 2022 after ~+25% in 2021. Moreover, we think that there is still room for positive...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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