(News Bulletin 247) – Jefferies reaffirms its ‘buy’ advice on Soitec, with a price target raised by 50% to 270 euros, in a note devoted to European stocks in the semiconductor sector in the broad sense.
‘The sector has entered a new bullish cycle, which we believe should translate into a significant additional revaluation and strong EPS growth over the next two years’, judges the broker.
Jefferies includes in its model ‘artificial intelligence as a major driver of demand for advanced logic boards’, and consequently for ASML and ASM revenues for which it also raises its price targets.
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