Alert: Positive Investment/Fundamental Signals (4/24/24)-STMicroelectronics NV (NYSE: STM)

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Notable positive changes in fundamentals have recently occurred for STMicroelectronics NV (NYSE: STM): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

STMicroelectronics NV (NYSE: STM) has recently enjoyed meaningful positive changes in investment behavior: the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

STM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

STMicroelectronics has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. STMicroelectronics has a good Appreciation Score of 84 but a poor Power Rating of 24, triggering the Neutral Value Trend Rating.

Recent Price Action

On 4/24/24, STMicroelectronics NV (NYSE: STM) stock enjoyed a very large increase of 5.4%, closing at $42.14. Moreover, trading volume in this advance was exceptionally high at 205% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.5% during the last week.

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