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.

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.