Photronics (PLAB, Financial) announced its financial results for the second quarter, revealing a decrease in revenue to $211 million compared to $217 million in the same period last year. Despite the drop in revenue, the company's financial position remains robust with cash, cash equivalents, and short-term investments totaling $558.4 million by the quarter's end.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Photronics Inc (PLAB, Financial) is $35.50 with a high estimate of $36.00 and a low estimate of $35.00. The average target implies an upside of 76.97% from the current price of $20.06. More detailed estimate data can be found on the Photronics Inc (PLAB) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Photronics Inc's (PLAB, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Photronics Inc (PLAB, Financial) in one year is $23.42, suggesting a upside of 16.75% from the current price of $20.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Photronics Inc (PLAB) Summary page.
