Canaccord Genuity analyst Jonathan Dorsheimer maintained a Buy rating on Stmicroelectronics (NYSE:STM) NV on Thursday, setting a price target of $47, which is approximately 24.11% above the present share price of $37.87.
Dorsheimer expects Stmicroelectronics NV to post earnings per share (EPS) of $0.27 for the first quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Stmicroelectronics, with an average price target of $42.76.
The analysts price targets range from a high of $49.59 to a low of $35.68.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.67 billion and a net profit of $333 million. The company's market cap is $34.26 billion.
According to TipRanks.com, Canaccord Genuity analyst Jonathan Dorsheimer is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 41.1% and a 56.33% success rate.
STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications. It operates through the following segments: Automotive and Discrete Group, Analog and MEMS Group, and Microcontrollers and Digital ICs Group. The Automotive and Discrete Group segment comprises of all dedicated automotive ICs, and discrete and power transistor products. The Analog and MEMS Group segment comprises of low-power high-end analog ICs, smart power products for industrial, computer and consumer markets, touch screen controllers, low power connectivity solutions and metering solutions for smart grid and all MEMS products. The Microcontrollers and Digital ICs Group segment comprises of general purpose and secure microcontrollers, EEPROM memories, and digital ASICs. The company was founded in June 1987 and is headquartered in Plan-Les-Ouates, Switzerland.