In recent trading, shares of Ultra Clean Holdings Inc (UCTT) reached $40.50, surpassing the average 12-month target price of $39.00 set by analysts. This development prompts analysts to either downgrade the stock on valuation grounds or adjust their target prices higher based on the company’s performance.
Currently, there are three different analyst targets contributing to the average price, with a range from $32.00 to $45.00. The standard deviation is noted at $6.557, indicating variability in analyst predictions. The average rating for UCTT remains a buy, with two strong buy ratings and one buy rating among analysts.
The average rating is calculated on a scale from 1 (strong buy) to 5 (strong sell), with UCTT currently rated at 1.33. This information provides investors with a context for assessing whether UCTT’s recent price point is a temporary peak or a stepping stone toward higher valuations.
