News Flash: Analysts Just Made A Dazzling Upgrade To Their Foxconn Technology Co., Ltd. (TWSE:2354) Forecasts

Foxconn Technology Co., Ltd. (TWSE:2354) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to next year's forecasts. The analyst greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals. Investor sentiment seems to be improving too, with the share price up 10.0% to NT$93.50 over the past 7 days. Could this big upgrade push the stock even higher?

Following the upgrade, the most recent consensus for Foxconn Technology from its single analyst is for revenues of NT$91b in 2025 which, if met, would be a substantial 60% increase on its sales over the past 12 months. Per-share earnings are expected to soar 51% to NT$4.10. Prior to this update, the analyst had been forecasting revenues of NT$67b and earnings per share (EPS) of NT$2.96 in 2025. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

View our latest analysis for Foxconn Technology

With these upgrades, we're not surprised to see that the analyst has lifted their price target 140% to NT$115 per share.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Foxconn Technology's past performance and to peers in the same industry. For example, we noticed that Foxconn Technology's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 46% growth to the end of 2025 on an annualised basis. That is well above its historical decline of 7.8% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 14% per year. Not only are Foxconn Technology's revenues expected to improve, it seems that the analyst is also expecting it to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that the analyst upgraded their earnings per share estimates for next year, expecting improving business conditions. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at Foxconn Technology.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.