Berenberg announced on Tuesday that it had lowered its target for Soitec from 205 to 200 euros, while maintaining its buy recommendation on the stock.

Although the semiconductor materials specialist recently revised its outlook downwards to 2026, the quality of the company's case remains intact from a long-term perspective, according to the analyst in a note released this morning.

Admittedly, the forecasts unveiled for the 2023/2024 financial year are below expectations, but they are nonetheless less bad than the market might have feared, he adds.

After the slowdown in growth expected for the 2023/2024 financial year, growth should make a comeback thereafter, promises the intermediary, who believes that the share's valuation remains attractive in view of the growth expected from the 2024/2025 financial year onwards.

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