The price of DIOD is predicted to go up -18.35%, based on the high correlation periods with CIO. The similarity of these two price pattern on the periods is 96.88%.
DIOD
CIO
Down: -18.35%Similarity: 96.88%
DIOD Revenue Forecast
DIOD EPS Forecast
DIOD FAQs
What is bull’s view on DIOD?
DIOD stock is currently trading at $61.18, with analysts' average target price at $74.67, indicating a 22.04% upside potential. However, recent analyst actions, such as Truist Securities lowering the price target to $62 due to excess inventory and delayed recovery, suggest caution. Despite AI-related growth in the Compute segment, the stock's near-term performance may remain subdued.
What is bear's view on DIOD?
DIOD stock currently trades around $61.18, with analysts lowering the price target to $62 due to excess inventory delaying recovery and below-consensus guidance. The bearish view stems from weak near-term growth prospects despite slight AI-related seasonal improvements. Continued inventory challenges and limited upside suggest caution.
What is DIOD revenue forecast for next quarter?
The market consensus for DIOD's revenue in the upcoming quarter is projected to be approximately $323.275M USD.
What is DIOD eps forecast for next quarter?
The market consensus for DIOD's eps in the upcoming quarter is projected to be approximately $0.147 USD.
Truist lowered the firm's price target on Diodes to $62 from $69 and keeps a Hold rating on the shares after its Q3 results and below-consensus guidance. Excess inventory continues to delay a recovery, though the company was able to guide Q4 slightly above typical seasonal growth related to AI exposure within the Compute end market, the analyst tells investors in a research note.