Stifel remains Buy on Soitec shares, with a price target of 170E.

The analyst is reassured by Soitec's confirmed targets for fiscal 2026, namely sales of 2.1 billion dollars and an EBITDA margin of 40%.

' This target should be achieved thanks to the structural growth of the semiconductor market in general, the growing adoption of innovative substrates and the expansion of Soitec's product portfolio with new products such as the SmartSiC solution ', the broker continues.

Although the most recent data suggest persistent weakness in smartphone demand ' and a prolonged period of inventory absorption in the supply chain in the short term ', Stifel believes that investors are well aware of this risk, and reiterates its buy recommendation.

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