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Photronics, Inc. (Symbol: PLAB) has seen its shares surge to $37.35, surpassing the average analyst 12-month target price of $32.98. This shift raises questions about future analyst reactions, which could include downgrades or adjustments to higher target prices based on current business developments.
There are three analyst targets within the Zacks coverage for Photronics, with a standard deviation of $3.00. Analysts have set targets ranging from $30.00 to $36.00. The current ratings show 3 strong buy ratings and 1 hold rating, yielding an average rating of 1.5, where 1 represents a strong buy and 5 a strong sell.
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