Sequans Communications (SQNS) Stock Forecast & Price Target

$2.77 -0.03 (-1.07%)

(As of 04:33 PM ET)

Sequans Communications - 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

Buy

Based on 1 Analyst Ratings

Sell
0

Hold
0

Buy
1

Based on 1 Wall Street analysts who have issued ratings for Sequans Communications in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for SQNS.

Consensus Price Target

$7.50
170.76% Upside

According to the 1 analysts' twelve-month price targets for Sequans Communications, the average price target is $7.50. The highest price target for SQNS is $7.50, while the lowest price target for SQNS is $7.50. The average price target represents a forecasted upside of 170.76% from the current price of $2.77.

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SQNS Analyst Ratings Over Time

Type	Current Forecast 11/23/23 to 11/22/24	1 Month Ago 10/24/23 to 10/23/24	3 Months Ago 8/25/23 to 8/24/24	1 Year Ago 11/23/22 to 11/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	N/A	2 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	N/A	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	N/A	0 Sell rating(s)
Consensus Price Target	$7.50	$7.50	N/A	$7.53
Forecasted Upside	170.76% Upside	216.46% Upside	N/A	4.15% Upside
Consensus Rating	Buy	Buy	N/A	Moderate Buy

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SQNS 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.

SQNS 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.

Sequans Communications Stock vs. The Competition

Type	Sequans Communications	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.68	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	167.86% Upside	553.15% Upside	8.53% Upside
News Sentiment Rating	Positive News See Recent SQNS 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
8/26/2024	Roth Mkm 1 of 5 stars	Reiterated Rating	Buy ➝ Buy	$7.50 ➝ $7.50	+162.01%
8/8/2023	Robert W. Baird 2 of 5 stars	Lower Target	Outperform ➝ Outperform	$17.50 ➝ $7.50	+7.53%
8/7/2023	B. Riley 4 of 5 stars	Downgrade	Buy ➝ Neutral	$16.25 ➝ $7.58	+8.60%
5/4/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$12.50 ➝ $7.50	+38.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:20 PM ET.

SQNS Forecast - Frequently Asked Questions

: According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for Sequans Communications is $7.50, with a high forecast of $7.50 and a low forecast of $7.50.
: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sequans Communications in the last year. There is currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SQNS shares.
: According to analysts, Sequans Communications's stock has a predicted upside of 170.76% based on their 12-month stock forecasts.
: Sequans Communications has been rated by research analysts at Roth Mkm in the past 90 days.
: Analysts like Sequans Communications more than other "computer and technology" companies. The consensus rating for Sequans Communications is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how SQNS compares to other companies.

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This page (NYSE:SQNS) was last updated on 11/22/2024 by MarketBeat.com Staff

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Sequans Communications (SQNS) Stock Forecast & Price Target