Reported about 1 year ago
Largan Precision (3008) has seen a continuous increase in stock price since June, with a strong 5.4% surge and NT$150 jump this week. Analysts at Societe Generale raised the target price from NT$2,950 to NT$3,200, maintaining a 'outperform' rating due to anticipated market share growth and potential demand from the iPhone 16 series featuring Largan's lenses. Expectations for a revenue boost in the second half of 2024 and beyond have led to increased earnings forecasts. Analysts believe Largan may bring further positive surprises in the upcoming quarters amid recovering demand and new product launches.
Source: YAHOO