Amer Sports’ Shares Surge Above Analyst Target: What’s Next?

In recent trading, shares of Amer Sports Inc. (Symbol: AS) have surpassed the average analyst 12-month target price of $18.44, changing hands for $18.62 per share. When a stock reaches an analyst’s target, they typically have two choices: either lower their valuation or adjust their target price upward. Analysts’ responses may vary depending on recent business developments that could be driving the stock price higher. If the outlook appears positive for the company, a price adjustment might be warranted.

Within the Zacks coverage universe, there are currently 15 analyst targets contributing to the average for Amer Sports Inc. While the average target is a useful general guideline, individual targets can vary widely. One analyst has a lower target of $15.00, while another sets a more optimistic target at $21.00. The standard deviation among these targets is $1.72, indicating a range of opinions.

The significance of the average price target lies in its ability to represent collective analyst insights, rather than a single perspective. With shares of AS now exceeding the average target price of $18.44 per share, investors are encouraged to reassess the company. Is $18.44 merely a stepping stone towards an even higher target, or has the stock price stretched too thin, warranting a reevaluation of investments? The table below illustrates the current consensus among analysts covering Amer Sports Inc:

The average rating in the table ranks from 1 to 5, where 1 indicates a Strong Buy and 5 a Strong Sell. This article includes information sourced from Zacks Investment Research via Quandl.com. To access the latest Zacks research report on AS—at no cost—visit their site now.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.