Soitec: Oddo still a buyer, raises target price

(CercleFinance.com) - Oddo BHF reiterates its "buy" recommendation on the share of semiconductor materials group Soitec, having raised its target price from 95 euros to 110 euros, due to a lower risk premium in its DCF valuation model.


The broker notes that management's warning on the roadmap to 2022 is in no way presented as a structural problem and in no way calls into question the continued adoption of technologies.

Therefore, Oddo BHF is maintaining its earnings estimates for the group, which have already included the temporary impacts of Covid-19 since April, and considers that the Soitec stock is an excellent vehicle to play 5G.


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