(Boursier.com) — Soitec lost 1% again to 90 euros on the Paris market this Wednesday after its recent spectacular fall, while Bernstein lowered its price target to 165 euros, against 180 euros previously. Deutsche Bank, for its part, cut its target from 200 to 155 euros by remaining on the purchase side. Citi remained ‘neutral’ with a price target reduced more severely to 100 euros, while JP Morgan ‘underweight’ the file with a target price adjusted to only 95 euros. Morgan Stanley had already downgraded the stock to ‘line weighting’, while clearly cutting its target to 102 euros. Decisions which follow the reduction of the forecasts of the specialist in innovative semiconductor materials for the financial year 2025, the correction of current inventories continuing to impact sales… The bank has reduced its revenue estimates “considerably” and profits for fiscal years 2025 and 2026 while it expects ‘R&D’ costs to remain stable as new projects are “moved to the back burner”.
Longer-term investors could remain positive about the opportunities offered by SmartSiC and POI products, as well as a potential entry into the silicon photonics sector, MS finally points out.
The stock has lost 43% since the start of the year on the Paris stock market…
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