STMicroelectronics N.V. shares have recently benefited from a buyers' comeback, which was accompanied by a rise in volumes and volatility. This situation suggests a continuation of the upward dynamic. Investors have an opportunity to buy the stock and target the € 29.4.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The company is in a robust financial situation considering its net cash and margin position.
Historically, the company has been releasing figures that are above expectations.
Sales forecast by analysts have been recently revised upwards.
Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
Analysts covering this company mostly recommend stock overweighting or purchase.
Stock prices approach a strong long-term resistance in weekly data at EUR 28.95.
Technically, the stock approaches a strong medium-term resistance at EUR 26.78.
The company benefits from high valuations in earnings multiples.
The company is not the most generous with respect to shareholders' compensation.
For the past year, analysts have significantly revised downwards their profit estimates.
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