Paramount Group Shares Surpass 12-Month Analyst Target Price
Recently, shares of Paramount Group Inc (Symbol: PGRE) climbed above the average analyst 12-month target price of $4.56, trading at $4.60 per share. When a stock reaches an analyst’s target, several reactions may occur: analysts might downgrade the valuation or adjust their target price higher. This decision often hinges on the company’s fundamental developments; if conditions are improving, raising the target price could be warranted.
Within the Zacks coverage universe, four analysts contribute to the average price target for Paramount Group Inc. Notably, while the average is $4.56, some analysts have lower targets, with one predicting a price of $3.25. In contrast, another has set a target as high as $5.00. The standard deviation among these targets is $0.875, indicating a range of opinions among analysts.
The basis for examining the average PGRE price target is to utilize a “wisdom of crowds” approach. This aggregates diverse individual insights rather than relying on a single expert’s view. With PGRE now trading above the average target price of $4.56 per share, investors should consider whether this represents a stepping stone towards an even higher valuation or if the stock’s price has become overstretched, prompting a need to reevaluate their positions.
| Recent PGRE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong Buy Ratings: | 1 | 1 | 1 | 1 |
| Buy Ratings: | 0 | 0 | 0 | 0 |
| Hold Ratings: | 3 | 4 | 4 | 4 |
| Sell Ratings: | 0 | 0 | 0 | 0 |
| Strong Sell Ratings: | 2 | 1 | 1 | 1 |
| Average Rating: | 3.22 | 3.0 | 3.0 | 3.0 |
The average rating in this table ranges from 1 to 5, where 1 signifies Strong Buy and 5 indicates Strong Sell. This report used data from Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
