Stock Track | Daqo New Energy Plummets 5.22% Despite Q3 Turnaround and Raised Price Target

Stock Track10-28

Daqo New Energy (DQ) saw its stock price plummet by 5.22% in pre-market trading on Tuesday, despite recent positive developments for the company. This significant drop comes as a surprise to many investors, given the recent financial results and analyst actions.

The company recently released its Q3 2025 earnings report, which indicated a financial turnaround for Daqo New Energy. Following this report, Roth Capital raised its price target on DQ from $25 to $30. However, it's worth noting that despite the increased price target, Roth Capital maintained a Neutral rating on the shares. Similarly, analyst Philip Shen from Roth MKM reiterated a Hold rating on the stock, also with a $30 price target.

The market's negative reaction, despite these seemingly positive developments, could be attributed to several factors. Investors might have been expecting more robust growth or a rating upgrade along with the raised price target. Additionally, the maintained Neutral/Hold ratings from analysts could be interpreted as a lack of strong bullish sentiment, potentially dampening investor enthusiasm. It's also possible that other market factors or industry-wide concerns are influencing the stock's performance beyond the company-specific news.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment