STMicroelectronics (STM) PT Raised to $90 at Baird
Baird analyst Tristen Gerra raised the price target on STMicroelectronics (NYSE: STM) to $90.00 (from $45.00) while maintaining a Outperform rating.
The analyst comments "2026 revenue catalysts include AI infrastructure driven by silicon photonics and also power, satellite, along with strong general-purpose MCU growth notably driven by industrial. AI and satellite combined are expected to add a few $B of revenue by 2027-2028. Btb was well above 1 exiting 1Q across all end-markets and regions, covering 85-90% of 2Q's revenue outlook, as visibility continues to increase. In 2027, gross margin should benefit from full fab transition to 300mm (Sil) and to 200mm (SiC). Outperform-rated."