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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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
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.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.