STMicroelectronics stock: TD Cowen cuts target from EUR 48.50 to EUR 45.00

Published on 10/20/2026 at 16:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 3.49 billion in the second quarter, up 26.00 percent. STMicroelectronics stock costs EUR 41.23 on October 20, 2026.

Analyst target and quarterly revenue

TD Cowen cut its STMicroelectronics target from EUR 48.50 to EUR 45.00 on October 19, 2026.
Revenue reached USD 3.49 billion in the second quarter of 2026, up 26.00 percent year over year.
STMicroelectronics stock costs EUR 41.23 at Lang & Schwarz on October 20, 2026 at 4:31 p.m. CEST.

Overhead flatlay of silicon wafer surrounded by microchips, IC sockets, soldering iron, and multimeter — STMicroelectronics NL0000226223 flatlay silicon wafer microchips IC sockets soldering iron multimeter schematic, Illustration mit AI erstellt.

TD Cowen lowered its price target for STMicroelectronics from EUR 48.50 to EUR 45.00 on October 19, 2026, while maintaining a Hold rating, according to Ideal Investor. The revised target places the broker's stated valuation below the EUR 48.50 level previously cited. At Lang & Schwarz, STMicroelectronics stock was trading at EUR 41.23 on October 20, 2026 at 4:31 p.m. CEST.

Target cut sharpens the debate

The TD Cowen change gives investors a fresh reference point ahead of STMicroelectronics' third-quarter results. The EUR 45.00 target is EUR 3.77 above the Lang & Schwarz price, while the earlier EUR 48.50 target was EUR 7.27 higher. These values are in euros and are not combined with the company's US-listed quotation.

The analyst action also follows a period of substantial share-price movement. The source reported that STMicroelectronics had fallen 12.20 percent over seven days by October 20, 2026 and was trading below a support level of EUR 41.17. Those technical observations describe the market position rather than a forecast.

Second-quarter revenue rose 26.00 percent

STMicroelectronics reported revenue of USD 3.49 billion for the second quarter of 2026, compared with USD 3.10 billion in the first quarter, according to the company's STMicroelectronics investor-relations materials. Gross profit was USD 1.22 billion and the gross margin was 34.80 percent in the same quarter. Operating profit reached USD 187.00 million, while net income was USD 225.00 million.

The revenue comparison is central to the valuation discussion. Second-quarter revenue exceeded first-quarter revenue by USD 392.00 million, while gross margin increased from 33.77 percent in the first quarter to 34.85 percent in the second quarter based on the reported figures.

Results arrive on October 29

STMicroelectronics is scheduled to publish third-quarter 2026 results on October 29, 2026, before European markets open, with a conference call at 9:30 a.m. Central European Time, according to the company's STMicroelectronics. The date gives the market a defined checkpoint for revenue, margin and management commentary.

Euro quote and investor reference

The next company report will test whether the second-quarter revenue improvement carried into the third quarter. The target revision and the upcoming results date therefore provide two separate reference points for assessing the stock's valuation.

The further course of trading is shown by the continuously updated real-time quote of STMicroelectronics stock.