financetom
Technology
financetom
/
Technology
/
STMicroelectronics delays long-term targets to 2030
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
STMicroelectronics delays long-term targets to 2030
Nov 20, 2024 7:15 PM

Nov 20 (Reuters) - STMicroelectronics STMPA.PA (ST)

pushed back its long-term financial forecasts on Wednesday,

following three outlook cuts this year amid a slump in markets

for the industrial and automotive chips it makes.

ST, one of Europe's largest semiconductor firms, said it

aimed to reach the revenue target of $20 billion and an

operating margin of above 30% by 2030, instead of the previously

forecast 2027.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
The Analyst Landscape: 5 Takes On Vertex
The Analyst Landscape: 5 Takes On Vertex
Jul 23, 2024
Vertex underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 1 0 0 Last...
Buffett's Berkshire Hathaway Reduces Stake In Tesla Rival BYD Below 5% To Shift Focus To US: Report
Buffett's Berkshire Hathaway Reduces Stake In Tesla Rival BYD Below 5% To Shift Focus To US: Report
Jul 23, 2024
Warren Buffett’s Berkshire Hathaway Inc has reduced its stake in BYD Company (OTC:BYDDY), China’s largest electric vehicle maker, to below 5%, marking a continued shift in focus towards U.S. investments for the Omaha, Nebraska-based conglomerate. Berkshire recently decreased its holding in BYD to 4.94% from 5.06%, selling 1.4 million H shares at an average price of 246.96 Hong Kong dollars...
Expert Ratings For Cognizant Tech Solns
Expert Ratings For Cognizant Tech Solns
Jul 23, 2024
In the last three months, 9 analysts have published ratings on Cognizant Tech Solns , offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Tune Into Potential Profits With The Sector Pure-Play MUSQ Global Music Industry ETF (MUSQ)
Tune Into Potential Profits With The Sector Pure-Play MUSQ Global Music Industry ETF (MUSQ)
Jul 23, 2024
Spotify Technology ( SPOT ) generated headlines in the pre-market hours as the company revealed its much-awaited second-quarter earnings report. Ahead of the disclosure, SPOT stock suffered from a strongly bearish trend despite an implied robust upside based on analysts' price targets. Therefore, the Q2 print represented an opportunity for the audio streaming service to respond. The results were exactly...
Copyright 2023-2026 - www.financetom.com All Rights Reserved