STMicro: Oddo confirms rating after two agreements
(CercleFinance.com) - STMicro has signed a new LT supply agreement with Rohm.
In addition, yesterday the group already announced signing a multi-year agreement for the supply of silicon carbide (SiC) wafers with SiCrystal.
Thereby STM strengthens its leading position on this market and strengthens the assumption that it will reach target sales of 1 billion dollars in 2025 (vs. 200 million dollars in 2019), Oddo points out.
Oddo confirms its "Buy" rating on the share with a target price of 28 euros.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In addition, yesterday the group already announced signing a multi-year agreement for the supply of silicon carbide (SiC) wafers with SiCrystal.
Thereby STM strengthens its leading position on this market and strengthens the assumption that it will reach target sales of 1 billion dollars in 2025 (vs. 200 million dollars in 2019), Oddo points out.
Oddo confirms its "Buy" rating on the share with a target price of 28 euros.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.