- Hitachi Ltd. reports a robust fiscal year with net income of ¥615.7 billion and projects strong revenue growth for 2024.
- Analysts set a one-year price target for Hitachi Ltd. at $30.67, indicating a potential 16.29% upside.
- Brokerage firms recommend Hitachi Ltd. as a "Buy" based on current investment ratings.
Hitachi Ltd. (HTHIY, Financial) has announced a strong financial performance with a net income of ¥615.7 billion for the fiscal year. The company reported revenues of ¥9.78 trillion, reflecting a modest year-over-year increase of 1%. Looking ahead, Hitachi is optimistic about the coming year, anticipating an impressive 11% revenue surge in fiscal year 2024. This growth is expected to be fueled by significant expansions in its Global Environmental & Energy Business (GEM) and Digital Solutions & Services (DSS) sectors.
Wall Street Analysts Forecast
According to projections from a consensus of 1 analyst, the one-year price target for Hitachi Ltd. (HTHIY, Financial) is set at $30.67. This figure remains consistent across high, low, and average estimates, indicating a predicted upside of 16.29% from the current trading price of $26.37. Investors interested in exploring more detailed data can visit the Hitachi Ltd (HTHIY) Forecast page.
Hitachi Ltd. (HTHIY, Financial) holds a solid recommendation from brokerage firms, with an average rating of 1.0, which aligns with a "Buy" status. On the rating scale utilized by brokerages, a score of 1 signifies a Strong Buy while a score of 5 indicates a Sell. This favorable rating suggests confidence in Hitachi's potential for growth and profitability in the investment community.
