Glaukos Corp Stock Surpasses Analyst Target: What Investors Need to Know
In recent trading, shares of Glaukos Corp (Symbol: GKOS) have exceeded the average analyst 12-month target price of $136.54, now priced at $137.75 per share. When a stock hits an analyst’s target, there are typically two responses: a downgrade due to valuation concerns, or an upward revision of the target price. Analysts may also adjust their responses based on the company’s recent performance and market conditions. If Glaukos shows positive developments, raising the target price could be warranted.
Currently, 11 analysts in the Zacks coverage universe contribute to Glaukos’s average target. However, this average is a blend of various opinions. For instance, one analyst predicts a price of $115.00, while another sets a target as high as $152.00. The standard deviation among these targets is $11.656, indicating some variability in expectations.
The purpose of examining the average GKOS price target is to benefit from a collective perspective, tapping into the expertise of multiple analysts rather than relying on a single viewpoint. With GKOS now trading above the average target price of $136.54, it’s a signal for investors to reevaluate their positions. They should consider whether the stock is on its way to a higher target or if the current valuation is too high, prompting a potential sell-off. Below is a table that summarizes the current analyst ratings for Glaukos Corp:
| Recent GKOS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 8 | 8 | 9 | 9 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.69 | 1.69 | 1.64 | 1.64 |
The average rating is calculated on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. For further insights, access the latest Zacks research report on GKOS — available for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
