Craig-Hallum Doubles Price Target to $58 and Schedules LEO Investor Call May 4
Craig-Hallum raised STMicroelectronics’ price target to $58 from $28 after upgrading to Buy, citing sustained microcontroller unit pricing strength as a long-term tailwind. STMicroelectronics will host a May 4 investor webcast led by Remi El-Ouazzane to outline its strategy in the low Earth orbit market.
1. Upgrade to Buy and Price Target Increase
Craig-Hallum upgraded STMicroelectronics from Hold to Buy and raised its price target to $58 from $28, highlighting durable microcontroller unit pricing as a critical long-term earnings driver.
2. Webcast on Low Earth Orbit Opportunity
STMicroelectronics will host a live webcast on May 4 at 3.30pm CET / 10.30am ET, led by Remi El-Ouazzane, to present its low Earth orbit market strategy and address investor questions in a Q&A session.
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