Baird upgrades STMicroelectronics on cycle recovery, margin rebound
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/28/2026
- S&P 500 ends higher as investors await tech earnings
- NVIDIA’s rising CDS the talk of Wall Street amid circular financing fears
- Market watchers weigh chances of a surprise Fed rate hike tomorrow
- U.S. chip stocks extend losses on AI financing, China competition fears
- Tesla to buy power from Arizona solar project
- Visa (V) To Cut 7% Of Its Workforce, Totaling About 2,600 Jobs - Bloomberg
- BTIG Upgrades Outlook Therapeutics Inc. (OTLK) to Buy
- ASML and U.S. chip stocks sink on report of China’s DUV breakthrough
- HF Sinclair plans to spin off lubricants unit, close Canadian refinery
- Carpenter Technology CEO Brian Malloy passes; Tony Thene returns as CEO
- After-Hours Stock Movers: F, BE, STX, WDC, KLAC, SWKS, NXPI, CSGP, ENPH
- After-Hours Stock Movers: FFIV, CDNS, APLD, RMBS, ESI, SANM
- After-Hours Stock Movers: INTC, AMD, ARM, MXL, EW, DECK
- After-Hours Stock Movers: GOOGL, TSLA, NOW, IBM, TXN, MOH, URI
- After-Hours Stock Movers: SMCI, OKLO, XE, PEGA, CLDX, ALK
Baird on STMicroelectronics (STM): 'Buy on Weakness'
July 24, 2025 2:28 PM EDTBaird analyst Tristen Gerra reiterated an Outperform rating and $50.00 price target on STMicroelectronics (NYSE: STM).
The analyst comments "4Q backlog is up significantly versus into 3Q, with all end markets ex Automotive back to YoY growth in 3Q. Disti inventories declined substantially QoQ. Currency was the primary reason for the flat GM outlook which remains at a bottom. Valuation is very attractive at 1.8x EV/sales and less than 9x our 2027 EPS estimate of $3. Outperform rated 4Q backlog is up significantly versus into 3Q. 3Q revenue guidance embeds a strong sequential... More
