Cabot Microelectronics Corporation Stock Forecast NASDAQ:CCMP

Price Target and Analyst Ratings

Most Recent Rating

On September 15, 2021 "Wolfe Research" gave "" rating for CCMP. The price target was changed from $127.64 to 2.5%.

Last 30 Days

Historical Ratings

Date	Rating	Action	Authority	Current Price	Target Price
2021-09-15		Upgraded by	Wolfe Research	$132.32	$127.64→2.5%
2021-06-09	Underperform	Initiated by	Wolfe Research	$153.38
2021-06-09	Hold - Buy	Upgraded by	Berenberg Bank	$153.38	$175.00 → $180.00
2021-06-08	Neutral - Buy	Upgraded by	Seaport Global Securities	$150.01	$180.00
2021-06-08	Neutral - Buy	Upgraded by	Seaport Global Securities	$150.01
2021-05-13	Neutral	Target Lowered by	The Goldman Sachs Group	$151.80	$198.00 → $169.00
2021-05-07	Neutral	Target Lowered by	The Goldman Sachs Group	$166.49	$198.00 → $169.00
2021-01-25		Target Raised by	Citigroup	$165.23	$140.00 → $150.00
2021-01-18	Sell - Neutral	Upgraded by	The Goldman Sachs Group	$164.68
2020-11-16	Neutral	Reiterated by	Seaport Global Securities	$136.00
2020-11-13	Neutral - Sell	Downgraded by	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	$135.00	$175.00 → $140.00
2020-11-13	Neutral - Sell	Downgraded by	Smith Barney Citigroup	$135.00	$140.00
2020-11-13	Buy	Target Lowered by	Loop Capital	$135.00	$187.00 → $170.00
2020-11-13	Neutral - Sell	Downgraded by	Smith Barney Citigroup	$135.00	$140.00
2020-09-11	Hold	Initiated by	Berenberg Bank	$142.07	$155.00
2020-07-27	Buy	Target Raised by	CL King	$156.43	$153.00 → $163.00
2020-07-27	Buy	Target Raised by	CL King	$156.43	$153.00 → $163.00
2020-07-02	Buy	Target Raised by	CL King	$138.76	$150.00 → $153.00
2020-05-14	Accumulate - Buy	Target Lowered by	Loop Capital	$121.82	$187.00 → $150.00
2020-05-08	Buy	Target Lowered by	Cfra	$135.63	$180.00 → $160.00
2020-05-08	Neutral	Target Lowered by	Citigroup	$135.63	$175.00 → $140.00
2020-04-15	Neutral - Sell	Downgraded by	Goldman Sachs Group	$111.60	$92.00 → $97.00

CCMP Stock Trend

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled.

Given the current short-term trend, the stock is expected to fall -14.99% during the next 3 months and, with a 90% probability hold a price between $93.86 and $112.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

WARNING: Trend forecast is still in the development phase and should be used with caution. Some cases might produce unexpected results such as negative prices at the end of the trend.

Data

Date	Bottom	Mid	Top
2021-09-30	$110.04	$120.74	$131.45
2021-10-01	$109.67	$120.37	$131.08
2021-10-04	$109.30	$120.00	$130.71
2021-10-05	$108.93	$119.64	$130.34
2021-10-06	$108.56	$119.27	$129.97
2021-10-07	$108.19	$118.90	$129.60
2021-10-08	$107.82	$118.53	$129.23
2021-10-11	$107.45	$118.16	$128.87
2021-10-12	$107.09	$117.79	$128.50
2021-10-13	$106.72	$117.42	$128.13
2021-10-14	$106.35	$117.05	$127.76
2021-10-15	$105.98	$116.68	$127.39
2021-10-18	$105.61	$116.31	$127.02
2021-10-19	$105.24	$115.95	$126.65
2021-10-20	$104.87	$115.58	$126.28
2021-10-21	$104.50	$115.21	$125.91
2021-10-22	$104.13	$114.84	$125.54
2021-10-25	$103.76	$114.47	$125.17
2021-10-26	$103.40	$114.10	$124.81
2021-10-27	$103.03	$113.73	$124.44
2021-10-28	$102.66	$113.36	$124.07
2021-10-29	$102.29	$112.99	$123.70
2021-11-01	$101.92	$112.62	$123.33
2021-11-02	$101.55	$112.26	$122.96
2021-11-03	$101.18	$111.89	$122.59
2021-11-04	$100.81	$111.52	$122.22
2021-11-05	$100.44	$111.15	$121.85
2021-11-08	$100.07	$110.78	$121.48
2021-11-09	$99.70	$110.41	$121.12
2021-11-10	$99.34	$110.04	$120.75

About Cabot Microelectronics Corporation

Cabot Microelectronics Corporation develops, manufactures, and sells polishing slurries and pads used in the manufacture of advanced integrated circuit (IC) devices in the semiconductor industry in a process called chemical mechanical planarization (CMP). The CMP technology is a polishing process used by IC device manufacturers to planarize or flatten the multiple layers of material that are deposited upon silicon wafers. The company offers CMP s... Read more

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