TD Cowen cuts target for STMicroelectronics stock from USD 55 to USD 50

Published on 10/21/2026 at 09:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen keeps a Hold rating after cutting its target from USD 55 to USD 50. STMicroelectronics stock trades at EUR 41.62, above EUR 41.17 support.

Analyst view meets operating recovery

TD Cowen cut its STMicroelectronics target from USD 55.00 to USD 50.00 on October 19, 2026.
Second-quarter 2026 revenue reached USD 3.49 billion, up 26.00 percent year over year.
STMicroelectronics stock traded at EUR 41.62 at 9:30 a.m. CEST at Lang & Schwarz on October 21, 2026.

Editorial photo of trading desk monitors displaying semiconductor index, CAC 40, Euronext, and Borsa Italiana — STMicroelectronics NL0000226223 trading screens showing semiconductor index CAC 40 EURONEXT BORSA ITALIANA tickers, Illustration mit AI erstellt.

STMicroelectronics (ISIN NL0000226223) was trading at EUR 41.62 at Lang & Schwarz on October 21, 2026 at 9:30 a.m. CEST. According to MarketBeat, TD Cowen cut its target from USD 55.00 to USD 50.00 on October 19, 2026, while keeping a Hold rating.

Target cut meets recovery data

The analyst move contrasts with STMicroelectronics' latest operating figures. In the second quarter of 2026, revenue reached USD 3.49 billion, an increase of 26.00 percent from the year-earlier period, while gross margin was 34.80 percent, according to the company's investor-relations information dated July 23, 2026.

Yahoo Finance reported that adjusted earnings per share was USD 0.31 in the second quarter, compared with USD 0.26 expected by analysts. The company also guided for third-quarter revenue of USD 3.70 billion and a gross margin of about 37.00 percent.

What does the outlook mean?

The main question is whether the data-center recovery can offset manufacturing costs. Management said second-quarter 2026 data-center revenue was expected to exceed USD 1.00 billion for the full year, with revenue expected to exceed USD 2.00 billion in 2027, while temporary reshaping costs continued to weigh on margins.

Three dates frame the stock

On July 23, 2026, the company reported USD 3.49 billion of second-quarter revenue and a 34.80 percent gross margin. On October 13, 2026, STMicroelectronics said it would propose the reappointment of Jean-Marc Chery as President and CEO. On October 19, 2026, TD Cowen cut its target to USD 50.00 from USD 55.00, as reported by MarketBeat.

Next reporting date

STMicroelectronics scheduled its third-quarter 2026 earnings release for October 29, 2026. The date places the next major test of the recovery narrative ahead of investors.

Stock stays above support

STMicroelectronics traded 1.09 percent above the EUR 41.17 support level identified on October 20, 2026 by Ideal Investisseur. The target cut and the upcoming earnings date leave revenue execution and margin recovery as the clearest near-term tests. The further course of trading is shown by the continuously updated real-time quote of STMicroelectronics stock.