Qnity Electronics

Q · NYSE

$118.37−$0.68 (−0.57%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $119.05

Q analyst rating

BuyConsensus of 7 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy7
Hold0
Underperform0
Sell0

12-month price target · 10 analysts

Average $180.92 (+52.8% upside)

Low: $161.60
Now: $118.37
High: $198.45

Upgrades and downgrades

The latest rating actions, newest first

Q analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Oct 15, 2026	Maintains	Outperform	$189.00 → $160.00	46%
Truist Securities	Oct 14, 2026	Initiates	Buy	$170.00	43%
Barclays	Oct 13, 2026	Initiates	Overweight	$211.00	50%
Mizuho	Oct 1, 2026	Maintains	Outperform	$180.00 → $160.00	62%
RBC Capital	Jul 14, 2026	Maintains	Outperform	$200.00 → $189.00	46%
BMO Capital	Jul 6, 2026	Maintains	Outperform	$180.00 → $185.00	53%
Mizuho	Jul 1, 2026	Maintains	Outperform	$170.00 → $180.00	62%
RBC Capital	May 13, 2026	Maintains	Outperform	$150.00 → $200.00	46%
Mizuho	May 13, 2026	Maintains	Outperform	$150.00 → $170.00	62%
RBC Capital	Apr 24, 2026	Maintains	Outperform	$139.00 → $150.00	46%

The case for and against

Updated Oct 15, 2026

Bull case

Qnity Electronics is positioned favorably because its semiconductor-focused materials business is leveraged to AI, HPC, data-center, and advanced-node demand, while Interconnect Solutions is already showing >20% growth with >30% gains in thermal management and AI/PCB volumes. Management’s reiterated 2026 guidance of about $5.3B in sales, ~$1.58B midpoint EBITDA, and $500-600M in free cash flow suggests resilient execution, supported by rising fab utilization, strong organic investment, and advanced packaging exposure. Its 7-9% of sales R&D intensity, leading positions in Semiconductor Technologies and Interconnect Solutions, and potential $100M run-rate EBITDA benefits by YE28 underpin the long-term growth outlook.

Bear case

Qnity Electronics is vulnerable to a semiconductor cycle that can reverse quickly, because its growth is tied to AI, datacenter construction, and customer capacity additions that may slow if adoption weakens or inventories build. While Q2 trends appear strong and EBITDA estimates were raised to $415M, $1.625B, and $1.820B for Q2/FY26/FY27, the outlook remains cautious as a lower 26x FY26E EBITDA multiple was used amid softer semis/e-mats sentiment. Its dependence on global semiconductor trade also creates geopolitical and supply-chain risk, where U.S.-China tensions, export restrictions, tariffs, or sanctions could limit access to key markets and pressure revenue streams.

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