Is Emcore Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NASDAQ: EMKR) stock is to Strong Buy EMKR stock.
Out of 3 analysts, 2 (66.67%) are recommending EMKR as a Strong Buy, 1 (33.33%) are recommending EMKR as a Buy, 0 (0%) are recommending EMKR as a Hold, 0 (0%) are recommending EMKR as a Sell, and 0 (0%) are recommending EMKR as a Strong Sell.
What is EMKR's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: EMKR) forecast ROE is -22.31%, which is considered weak.
What is EMKR's Price Target?
According to 3 Wall Street analysts that have issued a 1 year EMKR price target, the average EMKR price target is $2.50, with the highest EMKR stock price forecast at $2.50 and the lowest EMKR stock price forecast at $2.50.
On average, Wall Street analysts predict that Emcore's share price could reach $2.50 by Mar 28, 2024. The average Emcore stock price prediction forecasts a potential upside of 233.33% from the current EMKR share price of $0.75.
What is EMKR's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: EMKR) forecast ROA is -13.48%, which is lower than the forecast US Semiconductors industry average of 39.93%.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.