Allison Transmission Surpasses Analyst Price Target: What’s Next?
Allison Transmission Holdings Inc (Symbol: ALSN) has recently seen its shares rise above the average analyst target of $110.12, trading at $110.25 per share. Investors often watch how analysts respond when a stock hits their target price. They can either downgrade the stock due to valuation concerns or raise their target if they believe the company’s outlook is improving.
Within the Zacks coverage universe, eight different analysts contribute to the average target for Allison Transmission Holdings Inc. However, this average reflects a range of opinions; some analysts propose lower targets, such as $77.00, while others are more optimistic with predictions as high as $130.00. Notably, the standard deviation among these targets is $17.739, indicating differing views on the stock’s valuation.
The motivation for examining the average price target lies in the collective insights of various analysts. With ALSN’s stock now exceeding the average target of $110.12, investors should take a moment to evaluate the company’s potential and decide whether this price is a stepping stone toward even higher targets or if it’s time to reassess their positions. Below is a table summarizing the latest analyst ratings for Allison Transmission Holdings Inc:
| Recent ALSN Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 3.0 | 3.0 | 3.0 | 3.0 |
The average rating in the table is based on a scale of 1 to 5, where 1 represents a Strong Buy and 5 signifies a Strong Sell. This information was sourced from Zacks Investment Research via Quandl.com. For more details, access the latest Zacks research report on ALSN for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
