United Microelectronics Corp has a consensus price target of $8.1, established from looking at the 3 latest analyst ratings. The last 3 analyst ratings were released from Goldman Sachs, Goldman Sachs, and Bernstein on January 16, 2024, October 26, 2023, and June 8, 2021. With an average price target of $8.8 between Goldman Sachs, Goldman Sachs, and Bernstein, there's an implied 16.87% upside 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 |
---|---|---|---|---|---|---|---|---|---|---|---|
01/16/2024 | UMC | Buy Now | United Microelectronics | $7.53 | 18.19% | Goldman Sachs | Bruce Lu | → $8.9 | Downgrade | Buy → Neutral | Get Alert |
10/26/2023 | UMC | Buy Now | United Microelectronics | $7.53 | 35.46% | Goldman Sachs | Bruce Lu | $8.4 → $10.2 | Maintains | Buy | Get Alert |
06/08/2021 | UMC | Buy Now | United Microelectronics | $7.53 | -3.05% | Bernstein | — | — | Downgrade | Market Perform → Underperform | Get Alert |
The latest price target for United Microelectronics (NYSE: UMC) was reported by Goldman Sachs on January 16, 2024. The analyst firm set a price target for $8.90 expecting UMC to rise to within 12 months (a possible 18.19% upside). 2 analyst firms have reported ratings in the last year.
The latest analyst rating for United Microelectronics (NYSE: UMC) was provided by Goldman Sachs, and United Microelectronics downgraded their neutral rating.
There is no last upgrade for United Microelectronics.
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 January 16, 2024 so you should expect the next rating to be made available sometime around January 16, 2025.
While ratings are subjective and will change, the latest United Microelectronics (UMC) rating was a downgraded with a price target of $0.00 to $8.90. The current price United Microelectronics (UMC) is trading at is $7.53, which is within the analyst’s predicted range.
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