Mizuho Forecasts Strong Price Appreciation for Qnity Electronics (NYSE:Q) Stock

Qnity Electronics (NYSE:Q) had its price target upped by Mizuho from $170.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the premier technology solutions leader’s stock. Mizuho’s target price indicates a potential upside of 9.63% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. BMO Capital Markets restated an “outperform” rating and set a $180.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Qnity Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.44.

Qnity Electronics Price Performance

Shares of NYSE Q opened at $164.19 on Wednesday. The firm has a market capitalization of $34.37 billion and a P/E ratio of 56.42. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $152.87 and its two-hundred day simple moving average is $121.64. Qnity Electronics has a twelve month low of $70.50 and a twelve month high of $177.28.

Qnity Electronics (NYSE:Q) last released its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion during the quarter. The business’s revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, equities analysts anticipate that Qnity Electronics will post 4.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new stake in shares of Qnity Electronics in the 4th quarter valued at $2,226,626,000. State Street Corp bought a new position in shares of Qnity Electronics during the fourth quarter valued at about $728,894,000. Geode Capital Management LLC purchased a new position in shares of Qnity Electronics in the fourth quarter worth about $435,786,000. Invesco Ltd. bought a new stake in shares of Qnity Electronics in the 4th quarter valued at about $385,057,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Qnity Electronics by 741.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after acquiring an additional 3,855,617 shares during the period.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.