Citigroup raises STMicroelectronics price target to €65 ahead of key conference speech

Citigroup has increased its price target for STMicroelectronics to €65 from €62, maintaining a Buy rating as the stock trades at $50.74 with a 2.71% gain. This upgrade comes ahead of STMicroelectronics President and CFO Lorenzo Grandi's scheduled speech at Citi's 2026 Global TMT Conference on September 9, offering a chance for the company to share its strategic outlook. The semiconductor firm, valued at about $45.29 billion, designs and manufactures a wide range of electronic chips, making it a significant player in the industry.