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Red Avenue New Materials Group Co Ltd
SSE:603650

Watchlist Manager
Red Avenue New Materials Group Co Ltd
SSE:603650
Watchlist
Price: 29.35 CNY -4.99% Market Closed
Updated: May 2, 2024

Wall Street
Price Targets

Price Targets Summary
Red Avenue New Materials Group Co Ltd

Wall Street analysts forecast Red Avenue New Materials Group Co Ltd stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Red Avenue New Materials Group Co Ltd is 32.64 CNY with a low forecast of 32.32 CNY and a high forecast of 33.6 CNY.

Lowest
Price Target
32.32 CNY
10% Upside
Average
Price Target
32.64 CNY
11% Upside
Highest
Price Target
33.6 CNY
14% Upside
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Revenue
Forecast

Revenue Estimate
Red Avenue New Materials Group Co Ltd

For the last 6 years the compound annual growth rate for Red Avenue New Materials Group Co Ltd's revenue is 6%. The projected CAGR for the next 3 years is 23%.

6%
Past Growth
23%
Estimated Growth
Estimates Accuracy
-11%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Red Avenue New Materials Group Co Ltd

For the last 6 years the compound annual growth rate for Red Avenue New Materials Group Co Ltd's operating income is -5%. The projected CAGR for the next 2 years is 46%.

-5%
Past Growth
46%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

Net Income
Forecast

Net Income Estimate
Red Avenue New Materials Group Co Ltd

For the last 6 years the compound annual growth rate for Red Avenue New Materials Group Co Ltd's net income is 2%. The projected CAGR for the next 3 years is 31%.

2%
Past Growth
31%
Estimated Growth
Estimates Accuracy
-14%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is Red Avenue New Materials Group Co Ltd's stock price target?
Price Target
32.64 CNY

According to Wall Street analysts, the average 1-year price target for Red Avenue New Materials Group Co Ltd is 32.64 CNY with a low forecast of 32.32 CNY and a high forecast of 33.6 CNY.

What is Red Avenue New Materials Group Co Ltd's Revenue forecast?
Projected CAGR
23%

For the last 6 years the compound annual growth rate for Red Avenue New Materials Group Co Ltd's revenue is 6%. The projected CAGR for the next 3 years is 23%.

What is Red Avenue New Materials Group Co Ltd's Operating Income forecast?
Projected CAGR
46%

For the last 6 years the compound annual growth rate for Red Avenue New Materials Group Co Ltd's operating income is -5%. The projected CAGR for the next 2 years is 46%.

What is Red Avenue New Materials Group Co Ltd's Net Income forecast?
Projected CAGR
31%

For the last 6 years the compound annual growth rate for Red Avenue New Materials Group Co Ltd's net income is 2%. The projected CAGR for the next 3 years is 31%.