American Superconductor Shares Surge Past Analyst Target Price
In recent trading, shares of American Superconductor Corp. (Symbol: AMSC) have surpassed the average analyst 12-month target price of $31.67, currently priced at $34.24 per share. When a stock hits an analyst’s target, they typically choose one of two paths: either downgrade the stock or raise their target price. Their response often hinges on the company’s recent performance; if outlooks are bright, an increase in the target price seems likely.
Diverse Analyst Targets Indicate Mixed Sentiment
Within the Zacks coverage universe, three distinct analyst price targets contribute to the average for American Superconductor Corp. While the average is $31.67, it masks a range of views. One analyst has set a lower price target of $29.00, while another speculates a high of $33.00. The standard deviation for these targets stands at $2.309, showcasing variability among analyst opinions.
The Wisdom of the Crowd: Assessing AMSC’s Potential
The primary reason for looking at the average AMSC price target lies in harnessing collective analyst insights rather than relying solely on one expert’s opinion. With AMSC trading above the $31.67 average, investors face a critical decision: is this merely a stepping stone toward an even higher target, or has the stock become overvalued? Below, the table summarizes the current analyst ratings for American Superconductor Corp.:
| Recent AMSC Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 0 | 0 | 0 | 0 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.0 | 1.0 | 1.0 | 1.0 |
The average rating above reflects a scale from 1 to 5, with 1 being a Strong Buy and 5 being a Strong Sell. This analysis utilized data from Zacks Investment Research via Quandl.com. Stay informed with the latest Zacks research report on AMSC — available for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
