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New Buy Rating for Tokyo Electron (TOELF), the Technology Giant

Tipranks - Tipranks - Wed Jul 1, 10:30AM CDT

In a report released today, Shuhei Nakamura from Goldman Sachs maintained a Buy rating on Tokyo Electron, with a price target of Yen83,000.00.

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Nakamura covers the Technology sector, focusing on stocks such as Tokyo Electron, Disco, and Lasertec. According to TipRanks, Nakamura has an average return of 36.3% and an 81.16% success rate on recommended stocks.

Tokyo Electron has an analyst consensus of Strong Buy, with a price target consensus of Yen73,348.07.

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Based on Tokyo Electron’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of Yen711.82 billion and a net profit of Yen214.29 billion. In comparison, last year the company earned a revenue of Yen655.4 billion and had a net profit of Yen142.97 billion

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