ASE Technology (ASX) Stock Forecast & Price Target

$10.34

-0.02 (-0.19%)

(As of 07/26/2024 ET)

ASE Technology - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 2 Analyst Ratings

Based on 2 Wall Street analysts who have issued ratings for ASE Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 2 analysts, 1 has given a hold rating, and 1 has given a buy rating for ASX.

Consensus Price Target

$9.20
-11.03% Downside

High Forecast	$9.20
Average Forecast	$9.20
Low Forecast	$9.20

According to the 2 analysts' twelve-month price targets for ASE Technology, the average price target is $9.20. The highest price target for ASX is $9.20, while the lowest price target for ASX is $9.20. The average price target represents a forecasted downside of -11.03% from the current price of $10.34.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Hold	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$9.20	$7.84	$7.84	$7.84
Forecasted Upside	-11.03% Downside	-7.36% Downside	-7.36% Downside	-7.36% Downside

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ASX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ASX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ASE Technology Stock vs. The Competition

Type	ASE Technology	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.50	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-11.03% Downside	554.04% Upside	9.18% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
6/25/2024	Morgan Stanley 3 of 5 stars	Downgrade	Overweight ➝ Equal Weight
7/28/2023	The Goldman Sachs Group 2 of 5 stars	Upgrade	Neutral ➝ Buy	$6.60 ➝ $9.20	+13.58%
6/28/2023	HSBC 2 of 5 stars	Downgrade	Buy ➝ Hold	$6.47	-26.60%
2/9/2023	China Renaissance Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:31 AM ET.

ASX Forecast - Frequently Asked Questions

What is ASE Technology's forecast for 2024?: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for ASE Technology is $9.20, with a high forecast of $9.20 and a low forecast of $9.20.
Should I buy or sell ASE Technology stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last year. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ASX shares.
Does ASE Technology's stock price have much upside?: According to analysts, ASE Technology's stock has a predicted upside of 13.58% based on their 12-month stock forecasts.
Has ASE Technology been downgraded by Wall Street analysts recently?: Over the previous 90 days, ASE Technology's stock had 1 downgrade by analysts.
What analysts cover ASE Technology?: ASE Technology has been rated by research analysts at Morgan Stanley in the past 90 days.
Do Wall Street analysts like ASE Technology more than its competitors?: Analysts like ASE Technology less than other "computer and technology" companies. The consensus rating score for ASE Technology is 2.50 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how ASX compares to other companies.