Shares of Ansys Inc. (Symbol: ANSS) have recently soared above the average analyst 12-month target price of $328.30, trading at $335.27/share. When a stock hits the target set by an analyst, the analyst typically faces a choice: lower the rating based on valuation or adjust the target upwards due to positive business developments driving the stock price higher.
There are 10 diverse analyst targets contributing to the Zacks coverage universe’s average for Ansys Inc. However, this average is merely a mathematical representation. Some analysts offer lower targets, with one eyeing a price of $290.00, while another sets the bar high at $375.00. The standard deviation stands at $27.08.
The rationale behind examining the average ANSS price target is to tap into the collective wisdom of the crowd, amalgamating the insights of all individual analysts instead of relying on a single expert’s opinion. So, with ANSS surpassing the average target of $328.30/share, investors are prompted to reevaluate the company. They must ponder whether $328.30 is just a stepping stone towards a higher target or if the valuation is becoming overextended, necessitating a strategic reconsideration.
| Current ANSS Analyst Ratings Overview | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 3 | 5 | 5 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 9 | 7 | 7 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.92 | 2.79 | 2.5 | 2.5 |
The average rating in the table ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis leverages data from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on ANSS for free.
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The perspectives and opinions expressed herein belong to the author and do not necessarily align with those of Nasdaq, Inc.
