Goldman Sachs Sticks to Their Hold Rating for STMicroelectronics NV (0INB)

In a report released yesterday, Alexander Duval from Goldman Sachs maintained a Hold rating on STMicroelectronics NV, with a price target of €21.60. The company’s shares closed yesterday at €24.76.

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According to TipRanks, Duval is a 4-star analyst with an average return of 7.5% and a 56.54% success rate. Duval covers the Technology sector, focusing on stocks such as ASML Holding NV, Infineon Technologies AG, and STMicroelectronics NV.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for STMicroelectronics NV with a €27.27 average price target, representing a 10.16% upside. In a report released on September 30, Bank of America Securities also reiterated a Hold rating on the stock with a €25.00 price target.

The company has a one-year high of €28.94 and a one-year low of €15.50. Currently, STMicroelectronics NV has an average volume of 2.11M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0INB in relation to earlier this year.