Daqo New Energy Corp. (DQ)
NYSE: DQ · IEX Real-Time Price · USD
23.01
+0.72 (3.23%)
At close: Apr 23, 2024, 4:00 PM
23.16
+0.15 (0.65%)
After-hours: Apr 23, 2024, 7:36 PM EDT
Daqo New Energy Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Daqo New Energy stock have an average target of 31.85, with a low estimate of 25 and a high estimate of 38.7. The average target predicts an increase of 38.42% from the current stock price of 23.01.
Analyst Consensus: Sell
* Price targets were last updated on Mar 15, 2024.
Analyst Ratings
The average analyst rating for DQ stock from 2 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Daiwa Capital | Daiwa Capital | Hold → Sell Downgrades $25 | Hold → Sell | Downgrades | $25 | +8.65% | Mar 15, 2024 |
| Daiwa Capital | Daiwa Capital | Buy → Hold Downgrades $32 | Buy → Hold | Downgrades | $32 | +39.07% | Sep 19, 2023 |
| HSBC | HSBC | Hold Maintains $43 → $39 | Hold | Maintains | $43 → $39 | +68.19% | Aug 4, 2023 |
| HSBC | HSBC | Hold Maintains $45 → $46 | Hold | Maintains | $45 → $46 | +98.17% | May 1, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Buy → Hold Downgrades $140 → $70 | Strong Buy → Hold | Downgrades | $140 → $70 | +204.22% | Dec 5, 2022 |
Financial Forecast
Revenue This Year
2.58B
from 2.31B
Increased by 11.93%
Revenue Next Year
3.14B
from 2.58B
Increased by 21.56%
EPS This Year
4.37
EPS Next Year
7.49
from 4.37
Increased by 71.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.9B | 3.6B | 4.1B |
| Avg | 2.6B | 3.1B | 3.4B |
| Low | 2.3B | 2.5B | 2.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 25.4% | 38.1% | 29.4% |
| Avg | 11.9% | 21.6% | 6.7% |
| Low | 0.0% | -2.5% | -19.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.56 | 12.24 | 11.59 |
| Avg | 4.37 | 7.49 | 7.53 |
| Low | 3.09 | 3.28 | 5.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 180.4% | 54.9% |
| Avg | - | 71.4% | 0.6% |
| Low | - | -24.8% | -31.7% |
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.