Soitec: Stifel cuts target price

(CercleFinance.com) - Stifel maintains its Buy rating on Soitec shares, with a target price reduced from E140 to E115, after the company published its Q2 results.


The analyst says that he has 'significantly' reduced his forecasts for FY 2025.

We are also adjusting our capex forecast to E240m, as the company continues to ramp up production, but we inform investors that SmartSiC is about two years behind schedule, Stifel says.

The broker is also lowering its forecasts for FY 2026 and beyond, as it does not foresee a major smartphone replacement cycle.


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