In recent trading, shares of Rockwell Automation, Inc. (Symbol: ROK) have crossed above the average analyst 12-month target price of $295.71, changing hands for $302.34/share. When a stock reaches the target set by analysts, they generally have two options: downgrade their valuation or adjust their target price higher. Their decision often hinges on the company’s recent developments—more positive news could warrant raising the target price.
Analyst Targets: A Closer Look
In total, 21 analysts from the Zacks coverage universe have contributed to the average for Rockwell Automation, Inc. However, these contributions vary widely. For example, one analyst has a target as low as $215.00, while another sets a much higher expectation at $350.00. The standard deviation among these targets is $40.663, highlighting the differing opinions within the analyst community.
Assessing the Investment Landscape
Investors often look at the average price target to leverage collective insights from multiple analysts rather than relying on a single expert’s opinion. Now that ROK has exceeded the average target price of $295.71/share, it presents a timely opportunity for investors to reevaluate their positions. They must consider whether $295.71 is a stepping stone to an even higher target or if the stock has become overpriced, signaling a potential time to take profits.
| Recent ROK Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 10 | 9 | 7 | 6 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 10 | 11 | 13 | 11 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 3 | 3 | 3 | 4 |
| Average rating: | 2.39 | 2.48 | 2.65 | 2.81 |
The average rating presented in the last row of the table above ranges from 1 to 5, where 1 is Strong Buy and 5 is Strong Sell. This article utilized data sourced from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
