Daqo New Energy Corp. (DQ)

Daqo New Energy Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for Daqo New Energy stock have an average target of 20.31, with a low estimate of 12.51 and a high estimate of 34.05. The average target predicts an increase of 9.84% from the current stock price of 18.49.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$12.51	$20.31	$15	$34.05
Change	-32.34%	+9.84%	-18.88%	+84.15%

* Price targets were last updated on Oct 9, 2024.

Analyst Ratings

The average analyst rating for Daqo New Energy stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	1	1	1	1	1	1
Buy	0	0	0	0	0	0
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	5	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dennis Ip Daiwa Capital	Daiwa Capital	Buy → Hold Downgrades $18 → $25	Buy → Hold	Downgrades	$18 → $25	+35.21%	Oct 9, 2024
Philip Shen Roth MKM	Roth MKM	Hold Maintains $23 → $15	Hold	Maintains	$23 → $15	-18.88%	Aug 28, 2024
Daniel Yang HSBC	HSBC	Sell → Hold Upgrades $15	Sell → Hold	Upgrades	$15	-18.88%	Aug 27, 2024
Johnson Wan Jefferies	Jefferies	Strong Buy Maintains $38 → $34	Strong Buy	Maintains	$38 → $34	+84.15%	Aug 26, 2024
Gordon Johnson GLJ Research	GLJ Research	Strong Sell Maintains $20 → $13	Strong Sell	Maintains	$20 → $13	-32.34%	Jun 14, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

862.83M

Decreased by -16.16%

from 1.03B

Revenue Next Year

1.45B

Increased by 68.28%

from 862.83M

EPS This Year

-2.12

from -5.22

EPS Next Year

1.13

from -2.12

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	675.60M	1.68B	4.61B	2.31B	1.03B	862.83M	1.45B	1.89B
Revenue Growth	93.03%	148.49%	174.50%	-49.92%	-55.41%	-16.16%	68.28%	30.23%
EPS	1.70	9.75	23.34	5.73	-5.22	-2.12	1.13	5.40
EPS Growth	306.23%	474.16%	139.43%	-75.47%	-	-	-	377.18%
Forward PE	-	-	-	-	-	-	16.35	3.43
No. Analysts	-	-	-	-	-	13	13	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028
High	1.4B	2.3B	2.8B
Avg	862.8M	1.5B	1.9B
Low	511.6M	598.8M	1.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	34.6%	169.1%	94.6%
Avg	-16.2%	68.3%	30.2%
Low	-50.3%	-30.6%	-28.9%

EPS Forecast

EPS	2025	2026	2028
High	-0.60	3.93	5.50
Avg	-2.12	1.13	5.40
Low	-3.40	-2.93	5.14

EPS Growth

EPS Growth	2025	2026	2028
High	-	-	386.4%
Avg	-	-	377.2%
Low	-	-	354.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.