BofA ups STMicro to 'buy' on earnings inflection

STMicroelectronics NV

10/06/2026 08:00

** BofA Global Research upgrades STMicroelectronics STMPA.PA to "buy" from "neutral", expecting a powerful "earnings inflection" at the Franco-Italian chipmaker
** BofA cites STMicro's opportunity to expand its market share in the datacentre business and low Earth orbit satellites, alongside a recovery in the automotive market
** "We think the market materially underestimates STM's earnings power over the course of the next 2-3 years"
** BofA raises its price objective by around 21% to €86 
** Of 17 analysts covering STMicro, 12 rate the stock "strong buy" or "buy", ​four "hold" and one "sell" - LSEG data

 (Reporting by Gianluca Lo Nostro)