Loar Holdings Stock Surpasses Analyst Targets: What Lies Ahead?
Recently, shares of Loar Holdings Inc (Symbol: LOAR) have climbed above the average 12-month target price set by analysts, now trading at $81.04 per share compared to the target of $80.75. When a stock reaches an analyst’s target price, two common reactions emerge: a downgrade due to valuation concerns or an increase in the target price based on positive developments within the company.
Currently, four analysts contribute to the price target for Loar Holdings. These targets vary, with the lowest at $70.00 and the highest at $88.00, resulting in a standard deviation of $7.889. Understanding the average target price helps investors gauge general sentiment about LOAR, informed by multiple perspectives instead of relying on a single analyst’s viewpoint. With LOAR exceeding the average target price, current investors must evaluate whether the stock is on track for further growth or if it is time to consider taking profits.
| Recent LOAR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.75 | 1.75 | 1.75 | 1.75 |
The average rating in the table spans from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article referenced data supplied by Zacks Investment Research via Quandl.com. For the latest research report on LOAR, visit Zacks.
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Nasdaq, Inc.
