New Buy Rating for Murata Manufacturing Co (MRAAF), the Technology Giant

In a report released today, Daiki Takayama from Goldman Sachs maintained a Buy rating on Murata Manufacturing Co, with a price target of Yen3,300.00. The company’s shares opened today at $20.28.

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According to TipRanks, Takayama is a 3-star analyst with an average return of 7.6% and a 61.90% success rate. Takayama covers the Technology sector, focusing on stocks such as IBIDEN CO, TDK Corporation, and Alps Alpine Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Murata Manufacturing Co with a $20.42 average price target, which is a 0.69% upside from current levels. In a report released on September 25, UBS also maintained a Buy rating on the stock with a Yen3,400.00 price target.

Based on Murata Manufacturing Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $416.15 billion and a net profit of $49.71 billion. In comparison, last year the company earned a revenue of $421.71 billion and had a net profit of $66.37 billion