ASE Technology (ASX) Stock Forecast & Price Target

$10.00 +0.09 (+0.91%)

(As of 12/20/2024 05:40 PM ET)

ASE Technology - Analysts' Recommendations and Stock Price Forecast (2025)

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

Buy

Based on 2 Analyst Ratings

Sell
0

Hold
0

Buy
2

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 "Buy." Out of the 2 analysts, 2 have given a buy rating for ASX.

Consensus Price Target

N/A

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ASX Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 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	N/A	N/A	N/A	$7.84
Forecasted Upside	N/A	N/A	N/A	-14.47% Downside
Consensus Rating	Buy	Buy	Buy	Hold

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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	3.00	2.68	2.51
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	N/A	264.23% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent ASX 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	UBS Group 4 of 5 stars	S. Lin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
9/16/2024	Morgan Stanley 3 of 5 stars		Upgrade	Equal Weight ➝ Overweight
7/28/2023	The Goldman Sachs Group 2 of 5 stars		Upgrade	Neutral ➝ Buy	$6.60 ➝ $9.20	+13.58%
6/28/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		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 08:10 AM ET.

Should I Buy ASE Technology Stock? ASX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these ASE Technology pros and cons to contact@marketbeat.com.

ASE Technology
Bull Case

Here are some ways that investors could benefit from investing in ASE Technology Holding Co., Ltd.:

Recent upgrades from analysts, including a shift from "equal weight" to "overweight" by Morgan Stanley, indicate growing confidence in the company's potential for growth.
The stock is currently priced at $9.76, which may present a buying opportunity for investors looking for value in the semiconductor sector.
ASE Technology Holding Co., Ltd. reported a revenue of $4.96 billion for the latest quarter, showcasing strong financial performance and market demand for its services.
The company has a solid return on equity of 10.05%, suggesting effective management and profitability relative to shareholder equity.
Institutional investors, including Fisher Asset Management LLC, have increased their stakes, reflecting confidence in the company's future prospects.

ASE Technology
Bear Case

Investors should be bearish about investing in ASE Technology Holding Co., Ltd. for these reasons:

The company missed earnings expectations by $0.02, reporting $0.13 earnings per share compared to the consensus estimate of $0.15, which may raise concerns about its profitability.
Despite recent upgrades, StockNews.com downgraded ASE Technology from a "buy" to a "hold" rating, indicating some analysts may have reservations about its short-term performance.
The stock has a price-to-earnings ratio of 21.78, which may be considered high compared to industry averages, suggesting it could be overvalued.
ASE Technology's net margin of 5.47% is relatively low, indicating that the company retains a smaller portion of revenue as profit, which could limit growth potential.
The company has a debt-to-equity ratio of 0.38, which, while manageable, indicates some reliance on debt financing that could pose risks in a rising interest rate environment.

ASX Forecast - Frequently Asked Questions

: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASX shares.
: According to analysts, ASE Technology's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, ASE Technology's stock had 1 upgrade by analysts.
: ASE Technology has been rated by research analysts at UBS Group in the past 90 days.
: Analysts like ASE Technology more than other "computer and technology" companies. The consensus rating for ASE Technology is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how ASX compares to other companies.

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And expects this underappreciated niche to continue rallying well into 2026.

This page (NYSE:ASX) was last updated on 12/21/2024 by MarketBeat.com Staff

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ASE Technology (ASX) Stock Forecast & Price Target