DuPont Analyst Sees Strength In Q1 Results, Electronics Growth, 2025 Outlook

KeyBanc Capital Markets analyst Aleksey Yefremov reiterated an Overweight rating on DuPont de Nemours, Inc. DD on Sunday and raised the price target from $81.00 to $85.00.

DuPont posted a strong first-quarter 2025 earnings beat, driven by sustained growth in its electronics, water, and healthcare segments. The company reaffirmed its full-year 2025 guidance and confirmed that the planned spin-off of its Electronics business is on track for Nov. 1, 2025.

The analyst noted that DuPont has seen no signs of a broader demand slowdown as of April. Strength in water and healthcare is expected to more than offset continued softness in the automotive and construction markets. As a result, the price target was increased to $85, reflecting enhanced confidence in DuPont’s growth outlook and more optimistic earnings expectations.

The Electronics segment saw a Q1 boost, partly due to demand pull-forward in China, with full-year growth on track at 6–7% and no slowdown in key drivers like advanced semiconductor nodes and packaging, wrote the analyst.

Related: These Analysts Boost Their Forecasts On DuPont After Upbeat Results

Tariffs had a smaller-than-anticipated impact, estimated at just $0.10 per share for 2025, with potential for further mitigation. After accounting for potential tariff impacts, the analyst forecasts that the underlying EBITDA will be approximately $3.290 billion, with EPS projected at $4.25.

DuPont expects adjusted EPS of $4.30–$4.40, revenue between $12.8 billion and $12.9 billion, and Operating EBITDA of $3.325 billion—$3.375 billion.

The analysts’ estimates for EBITDA and EPS are slightly lower than DuPont’s guidance due to concerns over weaker construction and auto markets and the potential impact of tariffs.

The analyst also noted that DuPont does not foresee additional risks to Tyvek in China beyond the current investigation. While the investigation is ongoing, sales continue as usual. Tyvek sales in China account for less than 1% of DuPont’s total sales.

Price Action: DD shares were down 2.8% to $65.37 on Monday.

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