Market Dynamics Unleashed
Share prices of Fidelity National Information Services Inc (Symbol: FIS) have surged past the average analyst 12-month target of $73.18, reaching $73.46/share. when a stock hits the target set by an analyst, two paths unfurl: downgrade on valuation or revise the target up. The reaction of analysts hinges on fundamental business developments propelling the stock, prompting a potential reassessment of the target price.
Analyst Insight Exploration
In the Zacks coverage universe for Fidelity National Information Services Inc, 22 distinct analyst targets converge to form the average – a numerical mean, not a prophecy. The spectrum ranges from a low target of $55.00 to a high of $84.00, with a standard deviation of $6.58. This ritual of evaluating the average price target initiates a “wisdom of crowds” narrative, amalgamating diverse viewpoints to foster a collective forecast.
Charting Analyst Sentiments
| Recent FIS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 14 | 14 | 14 | 14 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 12 | 11 | 11 | 11 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.93 | 1.88 | 1.88 | 1.88 |
The average rating, depicted in the final row of the table above, ranges from 1 to 5, where 1 signifies Strong Buy and 5 indicates Strong Sell. Data from Zacks Investment Research via Quandl.com forms the basis of this article.
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The expressions in this article solely mirror the author’s thoughts and may not align with those of Nasdaq, Inc.
