The Vetr crowd on Monday downgraded its rating on Himax Technologies, Inc. (ADR) HIMX from 4.5 stars (Strong Buy), issued two days ago, to 3.5 stars (Buy). Crowd sentiment at the time of the downgrade was edging cautious, with 57 percent of Vetr user rating bearish.
Entering September, Himax hit a five-day streak of positive closes after the company announced a partnership with QUALCOMM, Inc. QCOM to produce a depth sensing camera. The rally brought Himax to a more than three-year high of $11.86 on September 6.
Shares dipped below $10 between then and the time of this downgrade on an unfavorable report from an analyst with Oppenheimer, before regaining some of those losses to close the September 11 trading day at $11.31.
See how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average price target on Himax is down at $10.76, which is still above the average analyst price target of $8.88. Less than 2 percent of Vetr users are holding HIMX in their watch-lists.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
