Recently, shares of Ares Management Corp (Symbol: ARES) traded above the average analyst 12-month target price of $170.57, with current pricing at $171.38 per share. When a stock hits its target price, analysts can respond in two primary ways: downgrade based on valuation, or adjust their target price upwards. Their reactions often hinge on the company’s recent performance, as improvements might warrant a higher price goal.
Analysts Weigh In: A Diverse Range of Targets
Within the Zacks coverage universe, there are 14 different analyst targets contributing to Ares Management’s average. These targets vary significantly: one analyst has set a target as low as $140.00, while another forecasts a high of $195.00. The standard deviation among these targets is $16.996, highlighting the differing views on ARES’s potential.
The Wisdom of Crowds: What Investors Should Consider
The value of the average price target lies in its reflection of collective analyst sentiment, integrating insights from many experts rather than relying on a single opinion. With ARES now trading above the average target price of $170.57 per share, investors should take this opportunity to reassess. Is the stock on its way to even higher targets, or has it reached a point where it might be wise to consider taking some profits? Below is a summary of current analyst ratings for Ares Management Corp:
| Recent ARES Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 7 | 7 | 7 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 8 | 8 | 8 | 7 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.06 | 2.06 | 2.06 | 2.0 |
The average rating shown is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 represents a Strong Sell. This analysis utilized data provided by Zacks Investment Research through Quandl.com. For the latest Zacks research report on ARES, you can access it for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
