Photronics, Inc. (PLAB, Financial) has been initiated with a "Buy" rating by Craig-Hallum, a significant development for the semiconductor industry player. Analyst Christian Schwab of Craig-Hallum has taken the lead in this new coverage.
The announcement, made on June 11, 2025, comes with a price target of USD 32.00 for Photronics (PLAB, Financial). This target reflects Craig-Hallum's optimistic outlook on the company's potential performance in the market.
This initiation signals a positive sentiment from Craig-Hallum, aligning with the company's strategic objectives and potential growth trajectory. Investors and market watchers are advised to consider this new rating as part of their decision-making process regarding Photronics (PLAB, Financial).
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 $30.83 with a high estimate of $31.65 and a low estimate of $30.00. The average target implies an upside of 60.92% from the current price of $19.16. 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 $23.14, suggesting a upside of 20.8% from the current price of $19.155. 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.
