--- title: "Didier Scemama Maintains Hold on STM, Lifts Price Target to €49 on Long-Term LEO Upside but Limited Near-Term Valuation Upside" type: "News" locale: "en" url: "https://longbridge.com/en/news/285169372.md" description: "Didier Scemama from Bank of America Securities has reiterated a Hold rating on STMicroelectronics NV, raising the price target to €49.00. He cites long-term opportunities in Low Earth Orbit (LEO) but notes limited near-term valuation upside due to current share prices. Scemama highlights risks including execution challenges and market-share erosion, which support his cautious stance. J.P. Morgan also maintains a Hold rating with a €48.00 target." datetime: "2026-05-05T07:35:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285169372.md) - [en](https://longbridge.com/en/news/285169372.md) - [zh-HK](https://longbridge.com/zh-HK/news/285169372.md) --- # Didier Scemama Maintains Hold on STM, Lifts Price Target to €49 on Long-Term LEO Upside but Limited Near-Term Valuation Upside In a report released yesterday, Didier Scemama from Bank of America Securities reiterated a Hold rating on STMicroelectronics NV, with a price target of €49.00. ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Didier Scemama has given his Hold rating due to a combination of factors, balancing a stronger long‑term Low Earth Orbit opportunity with a valuation that already discounts much of this upside. He acknowledges that management’s confidence in scaling Space revenues, particularly via deep engagement with SpaceX and other constellations, enhances visibility and justifies raising the price target to €49. At the same time, he remains cautious because the current share price leaves only modest room for appreciation relative to his target and the stock’s historical multiples. He also highlights execution and competitive risks in LEO, potential market‑share erosion from today’s elevated levels, and STM’s sizeable exposure to cyclical consumer end‑markets, all of which cap the risk‑reward and support maintaining a Neutral stance. According to TipRanks, Scemama is a 4-star analyst with an average return of 7.0% and a 50.54% success rate. In another report released on April 27, J.P. Morgan also maintained a Hold rating on the stock with a €48.00 price target. ### Related Stocks - [STM.US](https://longbridge.com/en/quote/STM.US.md) - [STMEF.US](https://longbridge.com/en/quote/STMEF.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [STHH.US](https://longbridge.com/en/quote/STHH.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [STMicroelectronics (STM) Receives a Rating Update from a Top Analyst](https://longbridge.com/en/news/293389622.md) - [STMicroelectronics says it buys back 199,413 shares for EUR 11.42 million in July 13-17 period](https://longbridge.com/en/news/293227154.md) - [AI Data Centers Push Silicon Photonics Toward 300-mm Scale](https://longbridge.com/en/news/292919691.md) - [STMicroelectronics (ENXTPA:STMPA) Expands AI Ties, Buys MEMS Business, Advances GNSS Launch](https://longbridge.com/en/news/292818190.md) - [Nederman lifts orders as strategy and acquisitions bolster market position](https://longbridge.com/en/news/292863267.md)