BMO Capital Markets Boosts Qnity Electronics (NYSE:Q) Price Target to $185.00

Qnity Electronics (NYSE:Q) had its price objective boosted by equities research analysts at BMO Capital Markets from $180.00 to $185.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the premier technology solutions leader’s stock. BMO Capital Markets’ price target suggests a potential upside of 30.44% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada upped their price target on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Mizuho lifted their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Qnity Electronics has a consensus rating of “Buy” and an average price target of $153.00.

Qnity Electronics Price Performance

Shares of Q opened at $141.82 on Monday. The stock has a market cap of $29.69 billion and a PE ratio of 48.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. Qnity Electronics has a fifty-two week low of $70.50 and a fifty-two week high of $177.28. The firm’s 50-day simple moving average is $153.37 and its two-hundred day simple moving average is $123.03.

Qnity Electronics (NYSE:Q) last announced its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Analysts anticipate that Qnity Electronics will post 4.08 earnings per share for the current fiscal year.

Institutional Trading of Qnity Electronics

Several large investors have recently modified their holdings of Q. Vanguard Group Inc. bought a new position in Qnity Electronics in the fourth quarter valued at about $2,226,626,000. State Street Corp bought a new stake in shares of Qnity Electronics during the 4th quarter valued at about $728,894,000. Geode Capital Management LLC bought a new stake in shares of Qnity Electronics during the 4th quarter valued at about $435,786,000. Invesco Ltd. purchased a new stake in shares of Qnity Electronics during the 4th quarter valued at about $385,057,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Qnity Electronics by 741.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock worth $518,787,000 after purchasing an additional 3,855,617 shares during the period.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.