10 Companies That Performed Well Last Week

8. STMicroelectronics NV (NYSE:STM)

While suffering a 2.23-percent drop from Thursday’s price, STMicroelectronics’ share price of $27.59 on Friday still marked a 12.7-percent jump from the $24.48 finish on February 14. In general, investors resorted to bargain-hunting following a rating upgrade from an investment research firm.

On Wednesday, STM received a “buy” rating from analysts at Jefferies, an upgrade from the “hold” rating previously. It also earned a 47-percent higher price target of €34 versus the €23 set previously.

According to Jefferies, the rating was based on several key expectations, including a normalization of operations following inventory correction and increased components in the upcoming iPhone 17, coupled with a rebound in industrial demand.

Other growth drivers for STM include Artificial Intelligence solutions, low-Earth orbit satellites, silicon photonics, and auto microcontroller units (MCU).