B. Riley has lifted its rating for Hudson Technologies (HDSN, Financial) from Neutral to Buy, raising the price target from $7.50 to $9. This move follows recent analyses showing that hydrofluorocarbon (HFC) prices might be stabilizing as the busy cooling season commences. The company's strong market position, robust financial health, and balanced inventory levels enhance its potential for gains if the positive HFC trends persist, according to an analyst.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Hudson Technologies Inc (HDSN, Financial) is $7.31 with a high estimate of $8.00 and a low estimate of $6.75. The average target implies an upside of 0.45% from the current price of $7.28. More detailed estimate data can be found on the Hudson Technologies Inc (HDSN) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Hudson Technologies Inc's (HDSN, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" 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 Hudson Technologies Inc (HDSN, Financial) in one year is $7.89, suggesting a upside of 8.38% from the current price of $7.28. 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 Hudson Technologies Inc (HDSN) Summary page.
