Analysts Maintain Buy Ratings on Photronics (PLAB) Following Earnings Report

Photronics, Inc. (NASDAQ:PLAB) is one of the 14 Small Publicly Traded Semiconductor Companies to Invest in Now. On August 28, DA Davidson reaffirmed its Buy rating for Photronics, Inc. (NASDAQ:PLAB) with a price target of $30.

This decision came after the company reported results for its third quarter of fiscal year 2025. DA Davidson pointed out that Photronics, Inc. (NASDAQ:PLAB) is still profitable and well-positioned to move forward with its planned expansion. This expansion will need more capital spending over the next two to three years.

Analysts Maintain Buy Ratings on Photronics (PLAB) Following Earnings Report

DA Davidson has a positive outlook on Photronics, Inc. (NASDAQ:PLAB). The firm expects the company to continue performing at its current level for a few more quarters before seeing a cyclical upturn that can support revenue growth and margin expansion.

On August 28, Craig-Hallum also reiterated its Buy rating on Photronics, Inc. (NASDAQ:PLAB) with a price target of $36.

As of September 19, analysts currently hold a consensus Buy rating on Photronics, Inc. (NASDAQ:PLAB). The 1-year median price target of $32.95 set by analysts indicates a potential upside of 32.12% from current levels.

Photronics, Inc. (NASDAQ:PLAB) is an American semiconductor photomask manufacturer that specializes in integrated circuit (IC) and flat panel display (FPD) photomasks.

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Disclosure: None. This article is originally published at Insider Monkey.