Soitec upgraded by UBS to neutral, target raised to €130 on AI transceiver demand
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- UBS upgraded French chip materials maker Soitec to "neutral" from "sell" and raised its price target to €130 from €94, saying it now expects the company's photonics business to make up 50% of group sales by fiscal 2029, versus 28% previously. Still guessing…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA broker upgrade of a chip materials supplier tied to AI photonics demand.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01UBS upgraded Soitec to neutral from sell and raised its target to €130 from €94.
- 02Photonics is expected to make up 50% of group sales by fiscal 2029.
- 03EPS forecasts were raised by roughly 34% to 37% for the following fiscal years.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets