Daqo New Energy (DQ) Stock Forecast, Price Target & Predictions
DQ Stock Forecast
Daqo New Energy stock forecast is as follows: an average price target of $25.78 (represents a 40.72% upside from DQ’s last price of $18.32) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
DQ Price Target
The average price target for Daqo New Energy (DQ) is $25.78 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $35.54 to $12.51. This represents a potential 40.72% upside from DQ's last price of $18.32.
DQ Analyst Ratings
According to 6 Wall Street analysts, Daqo New Energy's rating consensus is 'Buy'. The analyst rating breakdown for DQ stock is 0 'Strong Buy' (0.00%), 3 'Buy' (50.00%), 2 'Hold' (33.33%), 1 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).
Daqo New Energy Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 30, 2024 | Johnson Wan | Jefferies | $35.54 | $22.26 | 59.66% | 94.00% |
| Oct 02, 2024 | Daniel Yang | New Street | $29.30 | $21.93 | 33.61% | 59.93% |
| Aug 27, 2024 | Daniel Yang | New Street | $15.00 | $15.28 | -1.83% | -18.12% |
| Aug 26, 2024 | Johnson Wan | Jefferies | $34.05 | $14.69 | 131.79% | 85.86% |
| Jun 14, 2024 | Gordon Johnson | GLJ Research | $12.51 | $19.33 | -35.28% | -31.71% |
| Mar 15, 2024 | Dennis Ip | New Street | $25.00 | $26.69 | -6.33% | 36.46% |
The latest Daqo New Energy stock forecast, released on Oct 30, 2024 by Johnson Wan from Jefferies, set a price target of $35.54, which represents a 59.66% increase from the stock price at the time of the forecast ($22.26), and a 94.00% increase from DQ last price ($18.32).
Daqo New Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 6 |
| Avg Price Target | $35.54 | $28.47 | $25.23 |
| Last Closing Price | $18.32 | $18.32 | $18.32 |
| Upside/Downside | 94.00% | 55.40% | 37.72% |
In the current month, the average price target of Daqo New Energy stock is $35.54, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 94.00% increase as opposed to Daqo New Energy's last price of $18.32. This month's average price target is up 24.83% compared to last quarter, and up 40.86% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 30, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 30, 2024 | Daiwa | Hold | Outperform | Upgrade |
| Oct 09, 2024 | Daiwa | - | Hold | Downgrade |
| Aug 27, 2024 | HSBC | Reduce | Hold | Upgrade |
| Aug 26, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 11, 2024 | Goldman Sachs | Neutral | Buy | Initialise |
| Jun 14, 2024 | GLJ Research | Sell | Sell | Hold |
| May 06, 2024 | HSBC | - | Reduce | Downgrade |
| Dec 05, 2022 | Goldman Sachs | - | Neutral | Downgrade |
| May 20, 2021 | Roth Capital | Neutral | Neutral | Hold |
Daqo New Energy's last stock rating was published by Jefferies on Oct 30, 2024. The company gave DQ a "Buy" rating, the same as its previous rate.
Daqo New Energy Financial Forecast
Daqo New Energy Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $709.83M | $864.25M | $1.22B | $1.24B | $1.28B | $395.55M | $585.78M | $441.37M | $256.10M | $247.72M | $125.53M | $133.52M | $168.83M | $118.92M | $83.91M |
| Avg Forecast | $423.10M | $403.90M | $387.20M | $368.80M | $354.80M | $297.50M | $251.20M | $207.20M | $153.54M | $187.93M | $302.44M | $491.90M | $529.40M | $672.30M | $1.01B | $914.78M | $959.68M | $1.17B | $1.31B | $1.18B | $550.72M | $541.34M | $407.00M | $297.97M | $236.12M | $139.13M | $111.47M | $150.50M | $118.80M | $85.60M |
| High Forecast | $423.95M | $404.72M | $387.98M | $369.54M | $355.52M | $298.10M | $251.71M | $207.62M | $153.85M | $188.31M | $302.44M | $492.89M | $530.47M | $673.66M | $1.01B | $916.62M | $961.61M | $1.17B | $1.31B | $1.18B | $550.72M | $541.34M | $407.00M | $297.97M | $236.12M | $139.13M | $111.47M | $150.50M | $118.80M | $85.60M |
| Low Forecast | $422.25M | $403.08M | $386.42M | $368.06M | $354.08M | $296.90M | $250.69M | $206.78M | $153.23M | $187.55M | $302.44M | $490.91M | $528.33M | $670.94M | $1.01B | $912.93M | $957.74M | $1.17B | $1.31B | $1.18B | $550.72M | $541.34M | $407.00M | $297.97M | $236.12M | $139.13M | $111.47M | $150.50M | $118.80M | $85.60M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 15 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.90% | 1.04% | 0.95% | 1.08% | 0.72% | 1.08% | 1.08% | 0.86% | 1.05% | 0.90% | 1.20% | 1.12% | 1.00% | 0.98% |
Daqo New Energy's average Quarter revenue forecast for Jun 23 based on 1 analysts is $1.01B, with a low forecast of $1.01B, and a high forecast of $1.01B. DQ's average Quarter revenue forecast represents a 42.10% increase compared to the company's last Quarter revenue of $709.83M (Mar 23).
Daqo New Energy EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 15 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $463.79M | $623.20M | $692.65M | $927.58M | $796.93M | $193.67M | $360.88M | $282.41M | $105.53M | $95.30M | $32.39M | $11.07M | $63.12M | $45.24M | $19.84M |
| Avg Forecast | $195.66M | $186.79M | $179.06M | $170.55M | $164.08M | $137.58M | $116.17M | $95.82M | $71.01M | $86.91M | $139.87M | $227.48M | $244.82M | $310.91M | $466.48M | $607.36M | $212.04M | $515.59M | $578.18M | $649.58M | $242.95M | $238.81M | $179.55M | $115.29M | $104.16M | $61.38M | $49.17M | $41.22M | $52.41M | $37.76M |
| High Forecast | $196.06M | $187.16M | $179.42M | $170.90M | $164.41M | $137.86M | $116.40M | $96.01M | $71.15M | $87.08M | $139.87M | $227.94M | $245.32M | $311.54M | $467.42M | $728.83M | $254.45M | $515.59M | $578.18M | $779.50M | $242.95M | $238.81M | $179.55M | $138.34M | $104.16M | $61.38M | $49.17M | $49.47M | $52.41M | $37.76M |
| Low Forecast | $195.27M | $186.41M | $178.70M | $170.21M | $163.75M | $137.30M | $115.93M | $95.63M | $70.86M | $86.73M | $139.87M | $227.02M | $244.33M | $310.28M | $465.53M | $485.89M | $169.63M | $515.59M | $578.18M | $519.67M | $242.95M | $238.81M | $179.55M | $92.23M | $104.16M | $61.38M | $49.17M | $32.98M | $52.41M | $37.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 2.94% | 1.34% | 1.60% | 1.23% | 0.80% | 1.51% | 1.57% | 0.92% | 0.91% | 0.53% | 0.23% | 1.53% | 0.86% | 0.53% |
1 analysts predict DQ's average Quarter EBITDA for Jun 23 to be $466.48M, with a high of $467.42M and a low of $465.53M. This is 0.58% upper than Daqo New Energy's previous annual EBITDA (Mar 23) of $463.79M.
Daqo New Energy Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 15 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $394.69M | $526.43M | $545.82M | $627.82M | $535.84M | $186.31M | $292.33M | $232.10M | $83.22M | $72.83M | $20.76M | $2.38M | $33.23M | $20.09M | $4.98M |
| Avg Forecast | $2.65M | $22.54M | $-13.26M | $-17.24M | $-15.25M | $-6.63M | $-56.36M | $-68.96M | $-45.75M | $-20.56M | $-46.08M | $456.07M | $55.70M | $112.72M | $298.60M | $487.77M | $162.66M | $466.97M | $553.76M | $521.68M | $209.89M | $155.11M | $186.57M | $90.91M | $71.28M | $23.17M | $2.44M | $21.70M | $12.01M | $5.68M |
| High Forecast | $2.66M | $22.60M | $-13.23M | $-17.19M | $-15.21M | $-6.61M | $-56.21M | $-68.78M | $-45.63M | $-20.50M | $-45.96M | $547.28M | $55.84M | $113.02M | $299.39M | $585.32M | $195.19M | $466.97M | $553.76M | $626.02M | $209.89M | $155.11M | $186.57M | $109.09M | $71.28M | $23.17M | $2.44M | $26.04M | $12.01M | $5.68M |
| Low Forecast | $2.65M | $22.49M | $-13.30M | $-17.28M | $-15.29M | $-6.65M | $-56.51M | $-69.14M | $-45.87M | $-20.61M | $-46.20M | $364.85M | $55.55M | $112.43M | $297.82M | $390.22M | $130.13M | $466.97M | $553.76M | $417.34M | $209.89M | $155.11M | $186.57M | $72.73M | $71.28M | $23.17M | $2.44M | $17.36M | $12.01M | $5.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 3.24% | 1.17% | 1.13% | 1.03% | 0.89% | 1.88% | 1.24% | 0.92% | 1.02% | 0.90% | 0.98% | 1.53% | 1.67% | 0.88% |
Daqo New Energy's average Quarter net income forecast for Jun 23 is $298.60M, with a range of $297.82M to $299.39M. DQ's average Quarter net income forecast represents a -24.35% decrease compared to the company's last Quarter net income of $394.69M (Mar 23).
Daqo New Energy SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 15 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $41.28M | $43.98M | $280.18M | $14.43M | $15.48M | $10.25M | $11.35M | $9.27M | $8.55M | $136.74M | $10.18M | $9.99M | $9.11M | $3.37M | $8.03M |
| Avg Forecast | $29.23M | $27.91M | $26.75M | $25.48M | $24.51M | $20.55M | $17.36M | $14.32M | $10.61M | $12.98M | $20.90M | $13.18M | $36.58M | $46.45M | $69.69M | $14.09M | $11.22M | $80.75M | $90.55M | $15.07M | $38.05M | $37.40M | $28.12M | $9.34M | $16.31M | $9.61M | $7.70M | $5.95M | $8.21M | $5.91M |
| High Forecast | $29.29M | $27.96M | $26.81M | $25.53M | $24.56M | $20.60M | $17.39M | $14.34M | $10.63M | $13.01M | $20.90M | $15.81M | $36.65M | $46.54M | $69.83M | $16.91M | $13.47M | $80.75M | $90.55M | $18.09M | $38.05M | $37.40M | $28.12M | $11.21M | $16.31M | $9.61M | $7.70M | $7.14M | $8.21M | $5.91M |
| Low Forecast | $29.17M | $27.85M | $26.70M | $25.43M | $24.46M | $20.51M | $17.32M | $14.29M | $10.59M | $12.96M | $20.90M | $10.54M | $36.50M | $46.36M | $69.55M | $11.28M | $8.98M | $80.75M | $90.55M | $12.06M | $38.05M | $37.40M | $28.12M | $7.48M | $16.31M | $9.61M | $7.70M | $4.76M | $8.21M | $5.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.93% | 3.92% | 3.47% | 0.16% | 1.03% | 0.27% | 0.30% | 0.33% | 0.92% | 8.38% | 1.06% | 1.30% | 1.53% | 0.41% | 1.36% |
Daqo New Energy's average Quarter SG&A projection for Jun 23 is $69.69M, based on 1 Wall Street analysts, with a range of $69.55M to $69.83M. The forecast indicates a 68.81% rise compared to DQ last annual SG&A of $41.28M (Mar 23).
Daqo New Energy EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 15 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.04 | $6.74 | $7.22 | $8.36 | $7.17 | $2.50 | $3.95 | $3.15 | $1.14 | $1.01 | $0.29 | $0.03 | $0.47 | $0.29 | $0.07 |
| Avg Forecast | $0.04 | $0.34 | $-0.20 | $-0.26 | $-0.23 | $-0.10 | $-0.85 | $-1.04 | $-0.69 | $-0.31 | $-0.69 | $0.56 | $0.84 | $1.70 | $4.50 | $4.75 | $6.34 | $7.08 | $8.39 | $5.89 | $3.18 | $2.35 | $2.83 | $1.25 | $1.08 | $0.35 | $0.04 | $0.35 | $0.18 | $0.09 |
| High Forecast | $0.04 | $0.34 | $-0.20 | $-0.26 | $-0.23 | $-0.10 | $-0.85 | $-1.04 | $-0.69 | $-0.31 | $-0.69 | $0.56 | $0.84 | $1.70 | $4.52 | $4.76 | $6.36 | $7.08 | $8.39 | $5.89 | $3.18 | $2.35 | $2.83 | $1.25 | $1.08 | $0.35 | $0.04 | $0.35 | $0.18 | $0.09 |
| Low Forecast | $0.04 | $0.34 | $-0.20 | $-0.26 | $-0.23 | $-0.10 | $-0.85 | $-1.04 | $-0.69 | $-0.31 | $-0.70 | $0.56 | $0.84 | $1.70 | $4.49 | $4.73 | $6.33 | $7.08 | $8.39 | $5.89 | $3.18 | $2.35 | $2.83 | $1.25 | $1.08 | $0.35 | $0.04 | $0.35 | $0.18 | $0.09 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.06% | 1.02% | 1.00% | 1.22% | 0.79% | 1.68% | 1.11% | 0.90% | 0.94% | 0.83% | 0.92% | 1.34% | 1.59% | 0.85% |
According to 1 Wall Street analysts, Daqo New Energy's projected average Quarter EPS for Jun 23 is $4.50, with a low estimate of $4.49 and a high estimate of $4.52. This represents a -10.65% decrease compared to DQ previous annual EPS of $5.04 (Mar 23).
Daqo New Energy Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LRCX | Lam Research | $70.17 | $649.74 | 825.95% | Buy |
| AEHR | Aehr Test Systems | $11.16 | $25.00 | 124.01% | Buy |
| ACLS | Axcelis | $70.25 | $137.00 | 95.02% | Buy |
| INDI | indie Semiconductor | $4.69 | $9.00 | 91.90% | Buy |
| IPGP | IPG Photonics | $72.74 | $123.00 | 69.10% | Buy |
| UCTT | Ultra Clean | $35.45 | $57.00 | 60.79% | Buy |
| ONTO | Onto Innovation | $162.84 | $258.33 | 58.64% | Buy |
| TER | Teradyne | $102.80 | $153.18 | 49.01% | Buy |
| ENTG | Entegris | $99.43 | $143.92 | 44.75% | Buy |
| KLIC | Kulicke and Soffa Industries | $45.58 | $65.00 | 42.61% | Hold |
| DQ | Daqo New Energy | $18.32 | $25.78 | 40.72% | Buy |
| COHU | Cohu | $25.36 | $30.00 | 18.30% | Buy |
| AMAT | Applied Materials | $169.31 | $199.28 | 17.70% | Buy |
| PLAB | Photronics | $23.94 | $25.50 | 6.52% | Buy |
| KLAC | KLA | $615.66 | $619.00 | 0.54% | Buy |