Qnity Electronics, Inc. (Q) Gets a Buy from Oppenheimer

Oppenheimer analyst Edward Yang reiterated a Buy rating on Qnity Electronics, Inc. today and set a price target of $100.00.

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According to TipRanks, Yang is a 5-star analyst with an average return of 33.8% and a 76.00% success rate. Yang covers the Technology sector, focusing on stocks such as Cadence Design, Onto Innovation, and Ichor Holdings.

Qnity Electronics, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $105.89.

Based on Qnity Electronics, Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.28 billion and a net profit of $211 million. In comparison, last year the company earned a revenue of $983 million and had a net profit of $133 million

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of Q in relation to earlier this year. Last month, Jon D. Kemp, the CEO of Q sold 5,655.00 shares for a total of $480,731.55.