Timken Co. (Symbol: TKR) shares have surpassed the average analyst 12-month target price of $93.62, currently trading at $93.86 per share. This movement prompts analysts to either adjust their target prices upward or downgrade based on valuation, contingent on recent business developments.
Among the eight analysts covering Timken, target prices range from a low of $79.00 to a high of $105.00, with a standard deviation of $9.35. The current analyst ratings show 7 Strong Buy, 1 Hold, and no Sell or Strong Sell ratings, with an average rating of 1.25, indicating strong bullish sentiment.
As Timken’s stock price exceeds the average target, investors are encouraged to evaluate whether the increase is sustainable and if valuations may warrant taking profits.
