(News Bulletin 247) – Judging the stock to be ‘very cheap’, Oddo BHF reiterates its ‘outperformance’ opinion and its price target of 58 euros on STMicroelectronics, before a quarterly publication on Thursday morning, which it expects ‘in line with expectations’.
The design office thus anticipates for the first quarter, a turnover of 4.2 billion dollars, a decrease of 5% in sequential rhythm, a gross margin of 48%, in slight increase compared to the previous quarter (47, 5%) and EPS of $1.01.
‘The risk area of ​​this release is the likely lack of guidance upside. It could be misinterpreted by part of the market, especially after a stock market performance of 30% since the start of the year,’ he warns however.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
