Verisk Analytics Shares Surge Past Analyst Target Price of $307.24
Recently, shares of Verisk Analytics Inc (Symbol: VRSK) have surpassed the average analyst 12-month target price of $307.24, trading at $309.90 per share. This movement prompts analysts to consider their next steps. When a stock reaches its target price, analysts typically have two options: downgrade it based on valuation or adjust their target upwards. Additionally, their decision may hinge on fundamental developments within the company affecting stock performance.
In total, 17 analysts contribute to the target price for Verisk Analytics Inc within the Zacks coverage universe. The average target is a mathematical mean; however, some analysts have lower projections, with one suggesting a price of $280.00. Conversely, another analyst forecasts a higher target of $340.00. The standard deviation among these targets stands at $18.274.
Investors often consider the average price target as a reflection of collective insights, rather than relying on a single analyst’s opinion. With VRSK now above the average target price, this situation invites investors to reassess: Is the price of $307.24 a stepping stone toward higher valuations, or has the price stretched beyond reasonable limits, signaling a potential sell-off?
| Recent VRSK Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 6 | 6 | 6 | 6 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 10 | 10 | 10 | 10 |
| Sell ratings: | 1 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.32 | 2.22 | 2.22 | 2.22 |
The average rating listed in the table ranges from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. Data for this report is 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 the views of Nasdaq, Inc.
