Nomura analyst Jamie Wang maintained a Sell rating on Daqo New Energy (NYSE:DQ) on Wednesday, setting a price target of $61, which is approximately 22.74% below the present share price of $78.95.
Wang expects Daqo New Energy to post earnings per share (EPS) of $1.14 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Daqo New Energy, with an average price target of $104.13.
The analysts price targets range from a high of $146.5 to a low of $61.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $256.1 million and a net profit of $109.19 million. The company's market cap is $5.8 billion.
According to TipRanks.com, Nomura analyst Jamie Wang is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.4% and a 33.33% success rate.
Daqo New Energy Corp. is a holding company, which engages in the manufacture and sale of polysilicon products for the solar cell and module manufacturers. It operates through the Polysilicon and Wafer segment. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Chongqing, China.