STMicroelectronics At An Inflection Point

STMicroelectronics is positioned for a growth turnaround, driven by data center photonics and AI-enabled industrial automation. I recommend a Buy rating on STM with a $47/share price target, reflecting 8.57x eFY28 EV/aEBITDA supported by margin-accretive growth expectations. STM's catalysts include data center expansion, silicon photonics adoption, and a multi-year AWS partnership, driving robust free cash flow over the coming years.