United Microelectronics Corp has a consensus price target of $5.4, established from looking at the 4 latest analyst ratings. The last 3 analyst ratings were released from Citigroup, Goldman Sachs, and Goldman Sachs on April 24, 2024, January 16, 2024, and October 26, 2023. With an average price target of $6.37 between Citigroup, Goldman Sachs, and Goldman Sachs, there's an implied -16.88% downside for United Microelectronics Corp from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
04/24/2024 | UMC | Buy Now | United Microelectronics | $7.66 | — | Citigroup | Roland Shu | — | Upgrade | Neutral → Buy | Get Alert |
01/16/2024 | UMC | Buy Now | United Microelectronics | $7.66 | 16.19% | Goldman Sachs | Bruce Lu | → $8.9 | Downgrade | Buy → Neutral | Get Alert |
10/26/2023 | UMC | Buy Now | United Microelectronics | $7.66 | 33.16% | Goldman Sachs | Bruce Lu | $8.4 → $10.2 | Maintains | Buy | Get Alert |
06/08/2021 | UMC | Buy Now | United Microelectronics | $7.66 | -4.7% | Bernstein | — | — | Downgrade | Market Perform → Underperform | Get Alert |
The latest price target for United Microelectronics (NYSE: UMC) was reported by Citigroup on April 24, 2024. The analyst firm set a price target for $0.00 expecting UMC to fall to within 12 months (a possible -100.00% downside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for United Microelectronics (NYSE: UMC) was provided by Citigroup, and United Microelectronics upgraded their buy rating.
The last upgrade for United Microelectronics Corp happened on April 24, 2024 when Citigroup raised their price target to N/A. Citigroup previously had a neutral for United Microelectronics Corp.
The last downgrade for United Microelectronics Corp happened on January 16, 2024 when Goldman Sachs changed their price target from N/A to $8.9 for United Microelectronics Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of United Microelectronics, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for United Microelectronics was filed on April 24, 2024 so you should expect the next rating to be made available sometime around April 24, 2025.
While ratings are subjective and will change, the latest United Microelectronics (UMC) rating was a upgraded with a price target of $0.00 to $0.00. The current price United Microelectronics (UMC) is trading at is $7.66, which is out of the analyst’s predicted range.
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