United Microelectronics Corporation (UMC)
NYSE: UMC · Real-Time Price · USD
6.74
-0.06 (-0.88%)
Nov 21, 2024, 12:39 PM EST - Market open
United Microelectronics Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for UMC stock has a target of 7.40, which predicts an increase of 9.79% from the current stock price of 6.74.
Analyst Consensus: Buy
* Price targets were last updated on Oct 17, 2024.
Analyst Ratings
The average analyst rating for UMC stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 30, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 28, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy → Hold Downgrades $7.4 | Strong Buy → Hold | Downgrades | $7.4 | +9.79% | Oct 17, 2024 |
| Citigroup | Citigroup | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Apr 24, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy → Hold Downgrades $8.9 | Strong Buy → Hold | Downgrades | $8.9 | +32.05% | Jan 16, 2024 |
Financial Forecast
Revenue This Year
240.10B
from 222.53B
Increased by 7.90%
Revenue Next Year
266.29B
from 240.10B
Increased by 10.91%
EPS This Year
4.42
from 4.82
Decreased by -8.20%
EPS Next Year
4.69
from 4.42
Increased by 6.00%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 292.6B | 295.2B | 328.3B | ||
| Avg | 240.1B | 266.3B | 290.8B | ||
| Low | 224.8B | 218.1B | 224.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.5% | 22.9% | 23.3% | ||
| Avg | 7.9% | 10.9% | 9.2% | ||
| Low | 1.0% | -9.2% | -15.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.27 | 5.81 | 5.91 | ||
| Avg | 4.42 | 4.69 | 4.69 | ||
| Low | 3.59 | 3.34 | 3.68 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 50.7% | 31.2% | 26.1% | ||
| Avg | -8.2% | 6.0% | 0.0% | ||
| Low | -25.6% | -24.5% | -21.4% |
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.