STMicro Rises on Barclays Upgrade
Yahoo Finance ·
STMicro Rises on Barclays Upgrade Faizan Farooque Mon, June 29, 2026 at 1:57 PM EDT 1 min read STMPA.PA BARC.L STM AAPL This article first appeared on GuruFocus . STMicroelectronics ( STM , Financials ) climbed after Barclays turned more positive on the chipmaker's outlook . The bank upgraded the stock to Equal Weight from Underweight and lifted its price target to $65 from $34. Warning! GuruFocus has detected 10 Warning Signs with STM. Is STM fairly valued? Test your thesis with our free DCF calculator. Barclays said its earlier concerns about gross margins are less pressing now because STM's revenue outlook has improved. The firm pointed to better prospects in areas such as optical products, satellite revenue and possible price increases. The bank is now running about 6% ahead of consensus on STM's 2027 revenue estimates. There is still some caution. Barclays said third-quarter guidance could be softer because of Apple-related seasonality. Still, it expects optical demand to pick up strongly in the fourth quarter. For investors, the upgrade gives STM a cleaner setup after a tougher stretch. The stock still needs stronger execution, but Barclays' move suggests the revenue story is starting to look better.
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