The Price Target Of UCTT Has Been Increased To $55 By Needham & Company

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UCTT
UCTT Trading

Analysts working for Needham & Company have increased the price target on the stocks of UCTT from $43 to a sum of $55. The research report was later sent to investors and clients last Thursday. Currently, the company has a rating of buy on it, while the price target set by the brokerage firm indicates an annual growth rate of about 12.34% on the price of the stock. 

The Stock Commentary on UCTT

There have been quite a few research equities that have commented on the stocks of UCTT. Craig Hallum has already increased the price objective on the firm from $47 to $69, along with a rating of buy that was fixed on the company. Cowen also increased the price target of the company from $48 to $57, along with a rating of outperform. DA Davidson went the same way and increased the objective price of UCTT from $35 to $42 which was then sent out in a research note on the 18th of December. 

Five of the investment analysts working on the stock have given it a rating of buy while one of them has issued it with a rating of strong buy. Currently, UCTT has a price rating of buy, with a price target set at $46.33. 

The stocks of UCTT traded on Thursday at $1.73. The moving average price of the stock over 50 days was set at $40.46, while the moving average price of the stocks set over 200 days was $29.95. The year low of the company was $11.79, while the year high was at $51.88. The market cap of this stock has been fixed at $1.98 billion, with a PE ratio of around 44.01, and a PEG ratio set at 1.71. The current ratio of the company is 2.63, with a 0.53 debt-to-equity ratio.