Knight-Swift’s Stock Surpasses Analyst Target: What’s Next?
In recent trading, shares of Knight-Swift Transportation Holdings Inc (Symbol: KNX) have crossed above the average analyst 12-month target price of $57.00, changing hands for $57.62/share. When a stock meets an analyst’s target, the analyst typically faces two options: downgrade due to valuation or raise their target price. This reaction may hinge on recent business developments that could justify a price hike.
According to the Zacks coverage universe, there are 16 analyst targets contributing to the average for Knight-Swift Transportation Holdings Inc. However, this average represents a range of opinions; some analysts set lower targets, with one predicting a price of $44.00, while another sees potential as high as $70.00. The standard deviation among these targets is $7.052.
Examining the average KNX price target gives investors insight through a “wisdom of crowds” approach, reflecting a collective view rather than relying on one expert’s opinion. With KNX surpassing the average target price of $57.00/share, investors have a key opportunity to evaluate the company further. They must decide whether $57.00 is merely a stepping stone toward higher targets or if it’s a sign that the valuation has become stretched, prompting consideration to sell some shares. Below is a table summarizing the current analyst opinions on Knight-Swift Transportation Holdings Inc:
| Recent KNX Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 8 | 8 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 7 | 8 | 6 | 6 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 0 | 0 | 0 |
| Average rating: | 2.09 | 1.97 | 1.83 | 1.83 |
The average rating provided in the last row of the table ranges from 1 to 5, where 1 is Strong Buy and 5 is Strong Sell. This article used data from Zacks Investment Research via Quandl.com. For further insights, check the latest Zacks research report on KNX — 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.
