STMicroelectronics (STM, Financial) has entered into a fresh licensing agreement with Metalenz. This collaboration expands STM's capabilities in utilizing Metalenz's intellectual property to create advanced metasurface optics. STM will leverage its proprietary technology and manufacturing methods, which integrate the production, testing, and qualification of 300mm semiconductors and optics, to enhance this development.
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 $29.55 with a high estimate of $37.30 and a low estimate of $23.00. The average target implies an downside of 9.36% from the current price of $32.60. 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 $31.95, suggesting a downside of 1.99% from the current price of $32.6. 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.
