- United Microelectronics reports a noteworthy 5.9% revenue growth in Q1.
- Wall Street analysts project a modest upside, forecasting an average price target of $7.18.
- GuruFocus estimates suggest a potential 8.68% increase in value over the coming year.
United Microelectronics Corp. (UMC, Financial) has demonstrated resilience in a challenging global environment by reporting a 5.9% year-over-year increase in first-quarter revenue, reaching NT$57.86 billion. The company's GAAP earnings per share were NT$0.62, showcasing strong financial stability amidst ongoing geopolitical uncertainties.
Wall Street's Forecasts for United Microelectronics
According to five leading Wall Street analysts, United Microelectronics Corp (UMC, Financial) is expected to hit an average price target of $7.18 within the next year. This estimate includes a high projection of $8.81 and a low of $5.60, suggesting a 5.56% potential upside from the current share price of $6.80. Investors can explore more comprehensive data on the United Microelectronics Corp (UMC) Forecast page.
Analyst Recommendations: Hold or Buy?
The consensus recommendation among five brokerage firms for United Microelectronics Corp (UMC, Financial) is currently at 3.0, indicating a "Hold" status on the scale where 1 depicts a Strong Buy and 5 represents a Sell. This cautious stance reflects the balance of risk and opportunity as perceived by industry experts.
Understanding GuruFocus's GF Value Estimate
GuruFocus projects that the GF Value for United Microelectronics Corp (UMC, Financial) could reach $7.39 over the next year, which presents an 8.68% potential increase from the present price of $6.80. The GF Value is calculated based on historical trading multiples, past business growth, and future performance forecasts. For a deeper dive into these calculations, visit the United Microelectronics Corp (UMC) Summary page.
