Such optimism was apparent at the investor day that one question to management was not whether ST Engineering could meet its FY2029 $17 billion revenue target but whether it could do so ahead of schedule.
Analysts generally like the ambitious growth targets shown to them at ST Engineering’s Investor Day on March 18, as they trip over one another to hike their already bullish calls on this company to higher target prices.
According to Bloomberg, out of the 10 houses that have updated their coverage following the investor day, the most conservative, as indicated by target price, came from Lorraine Tan of Morningstar’s $6.50. The most bullish is Karen Li of JP Morgan, who has a chart-topping target price of $8.
