Photronics Inc has a consensus price target of $23.33 based on the ratings of 3 analysts. The high is $28 issued by DA Davidson on August 31, 2022. The low is $21 issued by Northland Capital Markets on May 25, 2023. The 3 most-recent analyst ratings were released by Northland Capital Markets, Northland Capital Markets, and DA Davidson on May 25, 2023, April 17, 2023, and August 31, 2022, respectively. With an average price target of $22.33 between Northland Capital Markets, Northland Capital Markets, and DA Davidson, there's an implied -8.96% downside for Photronics Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Photronics (NASDAQ:PLAB) was reported by Northland Capital Markets on May 25, 2023. The analyst firm set a price target for $21.00 expecting PLAB to fall to within 12 months (a possible -14.39% downside). 0 analyst firms have reported ratings in the last year.
The latest analyst rating for Photronics (NASDAQ:PLAB) was provided by Northland Capital Markets, and Photronics maintained their market perform rating.
The last upgrade for Photronics Inc happened on April 11, 2022 when Stifel raised their price target to $21. Stifel previously had a hold for Photronics Inc.
The last downgrade for Photronics Inc happened on May 22, 2023 when Northland Capital Markets changed their price target from N/A to N/A for Photronics Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Photronics, 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 Photronics was filed on May 25, 2023 so you should expect the next rating to be made available sometime around May 25, 2024.
While ratings are subjective and will change, the latest Photronics (PLAB) rating was a maintained with a price target of $18.00 to $21.00. The current price Photronics (PLAB) is trading at is $24.53, which is out of the analyst’s predicted range.
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