Soitec: UBS reiterates its buy rating

(CercleFinance.com) - UBS reiterates its buy rating on the Soitec share with a target price of 211 euros after the announcement of a consolidated revenues of 274 million euros for Q3.


The analyst believes that Soitec is "still on track to reach FY guidance", with the broker noting "Q3 sales were roughly in line with cons and FY23 guidance was reiterated", which analysts believe "will provide some relief".

Soitec continues to expect FY 2022-2023 LFL sales growth of around 20%, and an EBITDA margin of around 36%.


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