Chip distributor sees record quarter on memory shortage, sales up fivefold

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STMicroelectronics (STM) PT Raised to $90 at Baird

April 23, 2026 8:57 AM EDT

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... More