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Analysts Offer Insights on Technology Companies: Codan Limited (OtherCODAF) and Daqo New Energy (DQ)

Tipranks - Tipranks - Thu Apr 30, 8:12PM CDT

Analysts fell to the sidelines weighing in on Codan Limited (CODAF) and Daqo New Energy (DQ) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Codan Limited (CODAF)

In a report released today, Baxter Kirk from Bell Potter maintained a Hold rating on Codan Limited, with a price target of A$41.30. The company’s shares closed last Monday at $23.61.

According to TipRanks.com, Kirk is a 4-star analyst with an average return of 22.1% and a 38.2% success rate. Kirk covers the Industrial Goods sector, focusing on stocks such as Electro Optic Systems Holdings Limited, DroneShield Limited, and Austal. ;'>

Currently, the analyst consensus on Codan Limited is a Moderate Buy with an average price target of $28.89, implying a 22.4% upside from current levels. In a report released yesterday, Macquarie also maintained a Hold rating on the stock with a A$42.00 price target.

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Daqo New Energy (DQ)

In a report released yesterday, Philip Shen from Roth MKM maintained a Hold rating on Daqo New Energy, with a price target of $19.00. The company’s shares closed last Wednesday at $19.35.

According to TipRanks.com, Shen is a 4-star analyst with an average return of 9.9% and a 43.9% success rate. Shen covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

Currently, the analyst consensus on Daqo New Energy is a Hold with an average price target of $26.21, implying a 45.7% upside from current levels. In a report issued on April 15, TipRanks – Anthropic also upgraded the stock to Hold with a $20.50 price target.

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