Ameris Bancorp Surpasses Analyst Target Price: What’s Next?
Shares of Ameris Bancorp (Symbol: ABCB) have recently traded at $69.74, exceeding the average analyst 12-month target price of $69.40. When this happens, analysts typically have two choices: downgrade their valuation or increase their target price. Their decision may hinge on the company’s recent performance and future outlook.
Understanding Analyst Predictions
Five different analysts contribute to the average price target for Ameris Bancorp. The lowest forecast stands at $65.00, while the highest sees a potential price of $78.00. The average illustrates various opinions, with a standard deviation of $5.128 indicating the range of estimates.
The Wisdom of Crowds Approach
The average price target provides insight from multiple analysts, giving investors a broader perspective rather than relying on a single expert’s opinion. With ABCB now trading above the target price of $69.40, investors face a choice: is this stock heading toward an even higher target, or is it time to consider selling some shares? Below is a detailed breakdown of the current analyst ratings for Ameris Bancorp:
| Recent ABCB Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 3 | 3 | 3 |
| Buy ratings: | 2 | 1 | 1 | 1 |
| Hold ratings: | 1 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.8 | 1.83 | 1.83 | 1.83 |
The average rating in the table above ranges from 1 (Strong Buy) to 5 (Strong Sell). This information is sourced from Zacks Investment Research via Quandl.com. Stay updated with the latest Zacks research report on ABCB — 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.
