STMicroelectronics (STM, Financial) has introduced a pioneering development in the realm of automotive microcontrollers with the launch of Stellar with xMemory. This new generation features extensible memory, aiming to simplify the development processes for software-defined vehicles and the evolving platforms of electrification.
The innovative approach employed by Stellar with xMemory allows companies to manage fewer devices by providing a versatile solution that integrates extensible memory within a single device. This advancement is expected to lower development expenses and streamline the qualification process, as manufacturers can avoid handling devices with varying memory options. As a result, carmakers can future-proof their designs, incorporating additional innovations as needed, while reducing both costs and time to market.
The first offerings of this advanced technology will be available in the Stellar P6 microcontrollers (MCUs). These are specifically designed to cater to the latest trends and architectures in electric vehicle drivetrains. Production of these new microcontrollers is slated to commence later in 2025, aiming to meet the anticipated demand in the automotive industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for STMicroelectronics NV (STM, Financial) is $27.50 with a high estimate of $37.30 and a low estimate of $18.00. The average target implies an upside of 33.97% from the current price of $20.53. More detailed estimate data can be found on the STMicroelectronics NV (STM) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, STMicroelectronics NV's (STM, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for STMicroelectronics NV (STM, Financial) in one year is $30.76, suggesting a upside of 49.83% from the current price of $20.53. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the STMicroelectronics NV (STM) Summary page.
