Soitec: Stifel cuts target price

(CercleFinance.com) - Stifel maintains its "buy" rating on Soitec shares, whileb reducing its target price for them from E200 to E190, after reducing its outlook for the semiconductor specialist.


Even though the mobile communications business is booming (almost doubling from the previous quarter), Stifel expects Soitec's sales to fall by 7.5% in FY 2024/2025, leading to almost an 11% fall in EPS of over this period.

The broker is also cautious about 2026. While Soitec is targeting sales of $2.1bn by 2026, Stifel expects less at $1.8bn (compared with $1.9bn in its previous estimate).

Nevertheless, Stifel points to long-term growth opportunities for Soitec, including potential boosts from the development of 5G and electric vehicles.



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