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

In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Buy rating on Qnity Electronics, Inc., with a price target of $139.00.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Viswanathan is a 4-star analyst with an average return of 3.5% and a 56.80% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Olin, LyondellBasell, and Eastman Chemical.

In addition to RBC Capital, Qnity Electronics, Inc. also received a Buy from TipRanks – Google’s Google Semiconductors in a report issued on February 28. However, on the same day, TipRanks – Anthropic initiated coverage with a Hold rating on Qnity Electronics, Inc. (NYSE: Q).

Based on Qnity Electronics, Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.19 billion and a net profit of $100 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. Last month, Anne Noonan, a Director at Q sold 7.00 shares for a total of $534.10.