(News Bulletin 247) – Stifel remains Buy on Soitec stock with a target price of 170E.
The objectives confirmed by Soitec for the 2026 financial year, namely a turnover of 2.1 billion dollars and an EBITDA margin of 40%, reassures the analyst.
‘This objective should be achieved thanks to the structural growth of the semiconductor market in general, the increasing adoption of innovative substrates and the expansion of Soitec’s product portfolio with new products such as the SmartSiC solution’, continues the broker.
Even though the most recent data suggests continued weakness in smartphone demand ‘and an extended period of inventory depletion in the near-term supply chain’, Stifel believes investors are well aware of this risk and reiterates its buying advice.
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