Cheniere Energy Stock Surpasses Analyst’s Target: What’s Next?
Shares of Cheniere Energy Inc. (Symbol: LNG) have recently traded above the average analyst target of $210.79, reaching $214.88 per share. Typically, when a stock meets its analyst’s target, they face a choice: either downgrade their valuation or adjust the target higher. The decision often hinges on the company’s current performance and future outlook.
The average consensus for Cheniere comes from 19 analysts within the Zacks coverage universe. It’s important to note that this average is just a statistic—some analysts predict lower targets, with one forecasting a price of $162.00. On the flip side, another analyst estimates a target as high as $242.00, indicating a standard deviation of $17.437.
Examining the average price target serves as a way to gauge the collective insight of industry experts rather than relying on a single opinion. With LNG now exceeding the average target price of $210.79, investors must evaluate: Is this moment a stepping stone to even higher projections, or has the stock risen enough to warrant selling some shares? The table below offers a snapshot of analyst ratings for Cheniere Energy Inc.:
| Recent LNG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 16 | 15 | 15 | 15 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.18 | 1.19 | 1.19 | 1.19 |
The average rating described above ranges from 1 to 5, with 1 representing Strong Buy and 5 representing Strong Sell. Data for this article was provided by Zacks Investment Research via Quandl.com. Access the latest Zacks research report on LNG — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
