Soitec: Stifel confirms buy rating

(CercleFinance.com) - Stifel maintains its 'buy' rating on Soitec shares, with an unchanged target price of E140 (cp: E109, +1.
5%).

While the analyst indicates that he has updated his model following the publication of Soitec's annual results, his forecasts remain unchanged overall.

Stifel anticipates total Capex of E500m for 2025 & 2026.

According to the broker, management now needs to regain investor confidence by completing an inventory of RF-SOI, its silicon-on-insulator substrate technology applied to radio frequency, by November, which could then kick-start a share rally.

Current guidance is rather conservative, but given that the smartphone market now looks much better than it did a year ago, we consider the guidance achievable, Stifel said in short.


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