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Daqo New Energy Corp has a consensus price target of $28.59 based on the ratings of 6 analysts. The high is $70 issued by Goldman Sachs on December 5, 2022. The low is $12.51 issued by GLJ Research on June 14, 2024. The 3 most-recent analyst ratings were released by Daiwa Capital, Roth MKM, and HSBC on October 9, 2024, August 28, 2024, and August 27, 2024, respectively. With an average price target of $18.33 between Daiwa Capital, Roth MKM, and HSBC, there's an implied -13.89% downside for Daqo New Energy Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Daqo New Energy (NYSE:DQ) was reported by Daiwa Capital on October 9, 2024. The analyst firm set a price target for $25.00 expecting DQ to rise to within 12 months (a possible 17.43% upside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for Daqo New Energy (NYSE:DQ) was provided by Daiwa Capital, and Daqo New Energy downgraded their hold rating.
The last upgrade for Daqo New Energy Corp happened on August 27, 2024 when HSBC raised their price target to $15. HSBC previously had a reduce for Daqo New Energy Corp.
The last downgrade for Daqo New Energy Corp happened on October 9, 2024 when Daiwa Capital changed their price target from $18 to $25 for Daqo New Energy Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Daqo New Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Daqo New Energy was filed on October 9, 2024 so you should expect the next rating to be made available sometime around October 9, 2025.
While ratings are subjective and will change, the latest Daqo New Energy (DQ) rating was a downgraded with a price target of $18.00 to $25.00. The current price Daqo New Energy (DQ) is trading at is $21.29, which is within the analyst’s predicted range.
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