Update shared on 11 Dec 2025
Fair value Increased 23%Analysts have raised their price target on Photronics from approximately 33 dollars to 40.50 dollars, citing stronger expected revenue growth and a higher future earnings multiple that more than offset modestly lower margin assumptions and a slightly higher discount rate.
What's in the News
- Photronics issued new guidance for the first quarter of fiscal 2026, projecting revenue between 217 million dollars and 225 million dollars, based on company guidance.
Valuation Changes
- Fair Value Estimate: increased meaningfully from approximately 33 dollars to 40.50 dollars per share, reflecting a higher intrinsic valuation.
- Discount Rate: risen slightly from about 9.96 percent to 10.39 percent, implying a modestly higher required return for shareholders.
- Revenue Growth: raised significantly from roughly 3.54 percent to 5.86 percent, indicating a stronger outlook for top line expansion.
- Net Profit Margin: reduced slightly from about 13.85 percent to 12.84 percent, incorporating more conservative profitability assumptions.
- Future P/E: increased notably from around 16.0 times to 19.4 times earnings, signaling a higher expected valuation multiple on projected earnings.
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