On Nov 15, major Wall Street analysts update their ratings for $Kulicke & Soffa Industries (KLIC.US)$, with price targets ranging from $50 to $60.
TD Cowen analyst Krish Sankar maintains with a hold rating, and adjusts the target price from $45 to $50.
Needham analyst Charles Shi upgrades to a buy rating, and sets the target price at $55.
D.A. Davidson analyst Thomas Diffely maintains with a buy rating, and sets the target price at $60.
Craig-Hallum analyst Christian Schwab maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Kulicke & Soffa Industries (KLIC.US)$'s main analysts recently are as follows:
The company reported results for the September quarter that were consistent with expectations, but its guidance for the December quarter did not meet the consensus projections of the market.
Analysts have identified Kulicke & Soffa's Advanced Solutions success with a prominent foundry, believed to be TSMC, as a significant milestone for the company, marking its first major advance since the Intel win in 2021, potentially providing a steady growth factor to the company's traditionally cyclical nature. Additionally, it's suggested that Kulicke's wire bonding business, after almost three years of market adjustments, may have reached a turning point and is poised to show positive developments starting in 2025, indicating an advantageous risk/reward scenario for the stock.
Here are the latest investment ratings and price targets for $Kulicke & Soffa Industries (KLIC.US)$ from 4 analysts:
Note:
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