Dialog Semiconductor: Crédit Suisse raises target
(CercleFinance.com) - Dialog Semiconductor expects its revenue for the third quarter of 2020 to be around the 386-million-dollar mark, above the upper limit of its 340/380 million range.
Crédit Suisse underlines that this forecast is considerably above its own and consensus (365 million dollars and 363 million dollars). The group expects this trend to continue into the fourth quarter.
Crédit Suisse increases its 2020/21/22 forecasts for sales (3-4%) and EBIT (6-10%), believing that DLG can obtain an EPS of $3.90 in 2022.
Crédit Suisse raises its price target to 51.5 euros (compared to 49.0 euros) and confirms its 'outperform' rating on the share.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Crédit Suisse underlines that this forecast is considerably above its own and consensus (365 million dollars and 363 million dollars). The group expects this trend to continue into the fourth quarter.
Crédit Suisse increases its 2020/21/22 forecasts for sales (3-4%) and EBIT (6-10%), believing that DLG can obtain an EPS of $3.90 in 2022.
Crédit Suisse raises its price target to 51.5 euros (compared to 49.0 euros) and confirms its 'outperform' rating on the share.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.