Daqo New Energy Corp. (DQ)
NYSE: DQ · IEX Real-Time Price · USD
16.08
-0.57 (-3.42%)
At close: Jul 19, 2024, 4:00 PM
17.07
+0.99 (6.16%)
Pre-market: Jul 22, 2024, 7:38 AM EDT
Daqo New Energy Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Daqo New Energy stock have an average target of 19.5, with a low estimate of 12.51 and a high estimate of 25. The average target predicts an increase of 21.27% from the current stock price of 16.08.
Analyst Consensus: Sell
* Price targets were last updated on Jun 14, 2024.
Analyst Ratings
The average analyst rating for DQ stock from 4 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 1 | 2 | 1 | 1 | 1 |
| Sell | 0 | 1 | 1 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Total | 3 | 2 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| GLJ Research | GLJ Research | Strong Sell Maintains $20 → $13 | Strong Sell | Maintains | $20 → $13 | -22.20% | Jun 14, 2024 |
| HSBC | HSBC | Hold → Sell Downgrades $18 | Hold → Sell | Downgrades | $18 | +8.83% | May 6, 2024 |
| Roth MKM | Roth MKM | Hold Maintains $23 | Hold | Maintains | $23 | +43.03% | Apr 30, 2024 |
| Daiwa Capital | Daiwa Capital | Hold → Sell Downgrades $25 | Hold → Sell | Downgrades | $25 | +55.47% | Mar 15, 2024 |
| Daiwa Capital | Daiwa Capital | Buy → Hold Downgrades $32 | Buy → Hold | Downgrades | $32 | +99.00% | Sep 19, 2023 |
Financial Forecast
Revenue This Year
2.15B
from 2.31B
Decreased by -6.92%
Revenue Next Year
2.77B
from 2.15B
Increased by 28.91%
EPS This Year
0.99
from 5.75
Decreased by -82.71%
EPS Next Year
6.59
from 0.99
Increased by 563.16%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.6B | 3.4B | 4.1B | 4.5B |
| Avg | 2.1B | 2.8B | 3.2B | 4.5B |
| Low | 1.8B | 2.2B | 2.4B | 4.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.7% | 58.4% | 46.8% | 41.7% |
| Avg | -6.9% | 28.9% | 15.6% | 39.0% |
| Low | -19.9% | 1.9% | -14.5% | 32.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 3.91 | 8.87 | 11.59 | 13.08 |
| Avg | 0.99 | 6.59 | 7.29 | 12.83 |
| Low | -1.54 | 4.26 | 2.31 | 12.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -32.1% | 792.5% | 75.9% | 79.4% |
| Avg | -82.7% | 563.2% | 10.6% | 76.0% |
| Low | - | 328.9% | -64.9% | 67.5% |
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.