STMicroelectronics Stock Forum

$STMicroelectronics(STM.US)$ Craig-Hallum analyst Anthony Stoss raised the company’s target price for STMicroelectronics from US$50 to US$57, and maintained a buy rating on the stock after the quarterly results. The analyst pointed out that the main upside is limited by production interruptions in Malaysia, which mainly affected the company's automotive business unit's revenue of approximately US$170 million, which is US$100 million more than the company’s guidance in the third quarter. However, the company has given strong revenue and gross margin guidelines, which are higher than market expectations, Stoss added
Article excerpted from the US Stock Research Agency

$STMicroelectronics(STM.US)$ Shares opened higher on the first day of the latest 21Q3 earnings release, closing up 7.7%, a record high. Two pieces of news can be seen from domestic media reports. First, due to the epidemic, STM's factory in Malaysia had to shut down for a period of time, which ultimately led to lower than expected sales of auto products (although the demand was strong). Second, STM recently released the price increase news.