Ameriprise Financial Surpasses Analyst Target: What’s Next for Investors?
Recently, shares of Ameriprise Financial Inc (Symbol: AMP) have surpassed the average analyst 12-month target price of $508.80, trading at $513.40 per share. When a stock exceeds its analyst target, the analysts typically face two options: either downgrade the stock due to valuation concerns or raise their target price if the company’s prospects appear strong enough. This reaction can vary based on recent business developments that influence stock price movements. If the outlook for Ameriprise is positive, analysts might decide to adjust their targets higher.
Ten analysts have contributed to the average target price for Ameriprise, but this number represents more than just a single opinion. Notably, some analysts set lower targets, with one suggesting a price of $415.00, while another aims higher, forecasting a target of $565.00. The standard deviation among these targets stands at $48.253.
The concept of using the average price target allows investors to benefit from a collective viewpoint, rather than relying solely on individual analysts. With AMP now above that $508.80 average target, investors might consider whether this marks just the beginning of an upward trend or if the stock’s valuation is becoming too high, prompting a reevaluation of their positions. The table below illustrates the current analyst ratings for Ameriprise Financial Inc:
| Recent AMP Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 6 | 6 | 6 | 6 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.15 | 2.15 | 2.15 | 2.15 |
The average rating shown in the table ranges from 1 for Strong Buy to 5 for Strong Sell. This analysis incorporates data from Zacks Investment Research via Quandl.com. For additional insights, you can access the latest Zacks research report on AMP — free of charge.
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• DSL Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
