ULTRA CLEAN HOLDINGS

UCTT
Delayed Quote. Delayed  - 05/13 04:00:00 pm
47.37USD +4.57%

Ultra Clean Holdings, Inc. : There is still some upside potential

04/30/2021 | 05:36am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 04/30/2021 | 05:36

long trade
Stop-loss triggered

Entry price : 51.94$
Target : 65.01$
Stop-loss : 48$
Potential : 25.16%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the $ 65.01.

Strengths

● The prospective high growth for the next fiscal years is among the main assets of the company

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 35.58 USD

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