Daqo New Energy Corp has a consensus price target of $49.01 based on the ratings of 8 analysts. The high is $139.1 issued by Jefferies on October 11, 2021. The low is $12.51 issued by GLJ Research on June 14, 2024. The 3 most-recent analyst ratings were released by GLJ Research, HSBC, and Roth MKM on June 14, 2024, May 6, 2024, and April 30, 2024, respectively. With an average price target of $17.67 between GLJ Research, HSBC, and Roth MKM, there's an implied 4.19% upside for Daqo New Energy Corp from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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06/14/2024 | Buy Now | -26.24% | GLJ Research | Gordon Johnson | $19.66 → $12.51 | Maintains | Sell | Get Alert |
05/06/2024 | Buy Now | 3.18% | HSBC | Daniel Yang | → $17.5 | Downgrade | Hold → Reduce | Get Alert |
04/30/2024 | Buy Now | 35.61% | Roth MKM | Philip Shen | → $23 | Maintains | Neutral | Get Alert |
03/15/2024 | Buy Now | 47.41% | Daiwa Capital | Dennis Ip | → $25 | Downgrade | Neutral → Underperform | Get Alert |
09/19/2023 | Buy Now | 88.68% | Daiwa Capital | Dennis Ip | → $32 | Downgrade | Outperform → Neutral | Get Alert |
08/04/2023 | Buy Now | 128.18% | HSBC | Daniel Yang | $42.8 → $38.7 | Maintains | Hold | Get Alert |
05/01/2023 | Buy Now | 168.87% | HSBC | Daniel Yang | $44.6 → $45.6 | Maintains | Hold | Get Alert |
12/05/2022 | Buy Now | 312.74% | Goldman Sachs | Chao Ji | $140 → $70 | Downgrade | Buy → Neutral | Get Alert |
10/11/2021 | Buy Now | 720.17% | Jefferies | Johnson Wan | — | Maintains | Buy | Get Alert |
08/31/2021 | Buy Now | 348.11% | Daiwa Capital | Dennis Ip | — | Downgrade | Buy → Outperform | Get Alert |
08/19/2021 | Buy Now | 206.6% | Roth Capital | Philip Shen | — | Maintains | Neutral | Get Alert |
08/19/2021 | Buy Now | 212.5% | Nomura Instinet | Donnie Teng | — | Upgrade | Reduce → Neutral | Get Alert |
The latest price target for Daqo New Energy (NYSE:DQ) was reported by GLJ Research on June 14, 2024. The analyst firm set a price target for $12.51 expecting DQ to fall to within 12 months (a possible -26.24% downside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Daqo New Energy (NYSE:DQ) was provided by GLJ Research, and Daqo New Energy maintained their sell rating.
The last upgrade for Daqo New Energy Corp happened on August 19, 2021 when Nomura Instinet raised their price target to $53. Nomura Instinet previously had a reduce for Daqo New Energy Corp.
The last downgrade for Daqo New Energy Corp happened on May 6, 2024 when HSBC changed their price target from $17.5 to $17.5 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 June 14, 2024 so you should expect the next rating to be made available sometime around June 14, 2025.
While ratings are subjective and will change, the latest Daqo New Energy (DQ) rating was a maintained with a price target of $19.66 to $12.51. The current price Daqo New Energy (DQ) is trading at is $16.96, which is out of the analyst’s predicted range.
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