STMicroelectronics N.V. (STM) Is A Stock That Could Skyrocket According To Newsletters

STMicroelectronics N.V. (NYSE:STM) is one of the Top 13 Stocks That Will Skyrocket.

This stock is a part of Mark Skousen’s The Skousen Report and is pitched to cash in the hype leading to SpaceX’s historic IPO earlier this month. While Skousen’s prediction that the IPO “could happen as early as March 26th, 2026” didn’t come true, he pitched the stock as “a play that lets you to get in on SpaceX BEFORE its IPO.” As if this weren’t enough, Skousen markets it as a “kind of opportunity that can help build empires over the long haul.” Some specific hints provided come in the form of statements such as “this is a global semiconductor powerhouse” and “every satellite Elon launches into orbit is packed with their technology.”

While Stock Gumshoe doesn’t believe that this firm will be as tightly linked to SpaceX, he does believe it’s STMicroelectronics N.V. (NYSE:STM). STMicro is one of the largest semiconductor companies in the world. It designs and sells power management chips, analog chips, sensors and other products. The shares are up by 140% over the past year and by 164% year-to-date.  Miuzho increased its share price target for the firm to $68 from $56 on May 19th and kept an Outperform rating on the stock. The bank pointed to potential tailwinds from AI server demand as the reason behind the upgrade.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.