Bernstein Remains a Buy on SMC (OR) (SMECF)
In a report released on May 22, Jay Huang from Bernstein maintained a Buy rating on SMC (OR) (SMECF – Research Report), with a price target of Yen74,000.00. The company's shares closed last Friday at $359.00.
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According to TipRanks, Huang is a 2-star analyst with an average return of 0.1% and a 45.95% success rate. Huang covers the Technology sector, focusing on stocks such as Cognex, Keyence, and IPG Photonics.
SMC (OR) has an analyst consensus of Strong Buy, with a price target consensus of $481.56, which is a 34.14% upside from current levels. In a report released on May 16, CLSA also initiated coverage with a Buy rating on the stock with a Yen64,000.00 price target.
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Viewed through this fundamental lens, and given Qualcomm's consistent track record of long-term value creation, I consider it a solid long-term investment, even at its current, relatively full valuation. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
