Astronics Corp (Symbol: ATRO) shares have surged past the average analyst 12-month target price of $60.75, currently trading at $64.81 per share. This rise prompts analysts to either downgrade their expectations based on valuation or adjust their target upwards. Notably, one analyst predicts a target as high as $65.00 while another forecasts $58.00, indicating a standard deviation of $2.986 across four analyst predictions.
Currently, Astronics boasts four strong buy ratings and one hold rating, with no sell ratings reported. The average analyst rating stands at 1.4, where 1 represents a strong buy and 5 a strong sell. Analyst feedback will be crucial for investors to assess whether the $60.75 target is merely a stepping stone toward higher valuations or an indication to consider profit-taking.
