United Microelectronics Corp has a consensus price target of $7.4 based on the ratings of 4 analysts. The high is $7.4 issued by Goldman Sachs on October 17, 2024. The low is $7.4 issued by Goldman Sachs on October 17, 2024. The 3 most-recent analyst ratings were released by Goldman Sachs on October 17, 2024, January 16, 2024, and October 26, 2023, respectively. With an average price target of $8.83 between Goldman Sachs, there's an implied 35.48% upside for United Microelectronics Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for United Microelectronics (NYSE:UMC) was reported by JP Morgan on October 30, 2024. The analyst firm set a price target for $0.00 expecting UMC to fall to within 12 months (a possible -100.00% downside). 5 analyst firms have reported ratings in the last year.
The latest analyst rating for United Microelectronics (NYSE:UMC) was provided by JP Morgan, and United Microelectronics downgraded their neutral rating.
The last upgrade for United Microelectronics Corp happened on April 24, 2024 when Citigroup raised their price target to N/A. Citigroup previously had a neutral for United Microelectronics Corp.
The last downgrade for United Microelectronics Corp happened on October 30, 2024 when JP Morgan changed their price target from N/A to N/A for United Microelectronics Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of United Microelectronics, 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 United Microelectronics was filed on October 30, 2024 so you should expect the next rating to be made available sometime around October 30, 2025.
While ratings are subjective and will change, the latest United Microelectronics (UMC) rating was a downgraded with a price target of $0.00 to $0.00. The current price United Microelectronics (UMC) is trading at is $6.52, which is out of the analyst’s predicted range.
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