Deutsche Bank raises STMicroelectronics price target on AI growth
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices sink as Trump talks Iran war end, supply relief Futures rise as Trump says Iran war will end "very soon" - what’s moving markets Gold prices rise but still rangebound with focus on Iran war de-escalation Aramco tops forecasts, warns of ‘catastrophic’ fallout from Hormuz disruption (South Africa Philippines Nigeria) Deutsche Bank raises STMicroelectronics price target on AI growth By Analyst Ratings Published 03/10/2026, 05:20 AM Deutsche Bank raises STMicroelectronics price target on AI growth 0 STM 6.92% Investing.com - Deutsche Bank raised its price target on STMicroelectronics NV (NYSE:STM) shares to EUR32.00 from EUR28.00 on Tuesday while maintaining a Buy rating. The firm cited STMicroelectronics’ expansion into AI datacenter business as a major growth driver. The company hosted a call on its Cloud AI business, indicating it can achieve above $500 million of Cloud AI revenues in 2026 with a ramp to well above $1 billion in 2027.The optimistic outlook aligns with broader analyst sentiment, as InvestingPro data shows 6 analysts have revised their earnings upwards for the upcoming period. The stock has responded positively, trading at $33.53—just 4% below its 52-week high of $35.07—with a strong 31% gain over the past six months. Deutsche Bank noted the growth is supported by a recent large contract win with AWS valued at multi-billion dollars over five years, as well as other projects in the pipeline close to being signed with customers. The firm sees the AI datacenter business contributing 4-8% of group-level growth in 2027. The analyst compared STMicroelectronics’ position to Infineon, which is targeting EUR2.5 billion of AI datacenter revenue in fiscal year 2027. While STMicroelectronics operates at a smaller scale, Deutsche Bank views the contribution as significant. Deutsche Bank sees potential upside to both companies’ targets, noting Infineon’s EUR2.5 billion estimate as somewhat conserva...
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