(CercleFinance.com) – The analysis office confirms its purchase advice on the stock with an unchanged price target of 270 E.
‘Recent share price weakness is unjustified – We believe Soitec’s share price has come under pressure in recent days due to a misinterpretation of comments made by management on the outlook for the company. fiscal year 24’ indicates Jefferies.
‘On the contrary, we believe that there is no change in the company’s message, nor in its forecast of a single-digit drop in turnover for the current year,’ believes the analyst.
Jefferies sees the next major catalyst as the announcement of a second SmartSiC customer in March. ‘In the meantime, we remain optimistic.’
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