Qnity Electronics, Inc. (Q): New Buy Recommendation for This Technology Giant

Goldman Sachs analyst James Schneider maintained a Buy rating on Qnity Electronics, Inc. today and set a price target of $130.00.

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According to TipRanks, Schneider is a 5-star analyst with an average return of 23.4% and a 65.22% success rate. Schneider covers the Technology sector, focusing on stocks such as Western Digital, Camtek, and Seagate Tech.

In a report released today, Mizuho Securities also maintained a Buy rating on the stock with a $145.00 price target.

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 46 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. Earlier this month, Anne Noonan, a Director at Q sold 7.00 shares for a total of $534.10.