United Microelectronics Corporation (UMC)
NYSE: UMC · IEX Real-Time Price · USD
8.41
+0.23 (2.81%)
May 20, 2024, 4:00 PM EDT - Market closed
United Microelectronics Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for UMC stock has a target of 8.90, which predicts an increase of 5.83% from the current stock price of 8.41.
Analyst Consensus: Buy
* Price targets were last updated on Jan 16, 2024.
Analyst Ratings
The average analyst rating for UMC stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Apr 24, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy → Hold Downgrades $8.9 | Strong Buy → Hold | Downgrades | $8.9 | +5.83% | Jan 16, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $8.4 → $10 | Strong Buy | Maintains | $8.4 → $10 | +21.28% | Oct 26, 2023 |
| Bernstein | Bernstein | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | Jun 11, 2018 |
| Bernstein | Bernstein | Hold → Sell Downgrades n/a | Hold → Sell | Downgrades | n/a | n/a | Jul 27, 2017 |
Financial Forecast
Revenue This Year
245.24B
from 222.53B
Increased by 10.20%
Revenue Next Year
283.69B
from 245.24B
Increased by 15.68%
EPS This Year
4.27
from 24.10
Decreased by -82.27%
EPS Next Year
5.12
from 4.27
Increased by 19.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 291.9B | 352.4B | 384.2B | 333.8B | 373.2B |
| Avg | 245.2B | 283.7B | 351.2B | 324.3B | 362.5B |
| Low | 223.6B | 249.0B | 316.3B | 311.5B | 348.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.2% | 43.7% | 35.4% | -5.0% | 15.1% |
| Avg | 10.2% | 15.7% | 23.8% | -7.7% | 11.8% |
| Low | 0.5% | 1.5% | 11.5% | -11.3% | 7.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.97 | 7.38 | 8.24 | 5.04 | 6.67 |
| Avg | 4.27 | 5.12 | 5.82 | 4.90 | 6.48 |
| Low | 3.33 | 3.64 | 3.29 | 4.71 | 6.22 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -75.2% | 72.8% | 60.9% | -13.3% | 36.1% |
| Avg | -82.3% | 19.9% | 13.6% | -15.8% | 32.2% |
| Low | -86.2% | -14.9% | -35.7% | -19.1% | 27.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.