Investors Face Decision Amid Bullish Analyst Ratings
In recent trading, shares of Apollo Global Management Inc (Symbol: APO) have risen above the average analyst 12-month target price of $164.56, with the stock now priced at $165.02 per share. When a stock meets an analyst’s target, they usually have two options: downgrade based on valuation or raise their target price. The decision often hinges on the company’s recent developments that might be boosting the stock price.
There are 18 analysts covering Apollo Global Management Inc., contributing to the average price target. While the average is $164.56, there are varying perspectives; one analyst projects a price of $137.00, while another is much more optimistic, suggesting a target as high as $188.00. The standard deviation among the projections is $12.137, indicating notable differences in analyst opinions.
Investors look at the average APO price target to leverage a collective wisdom from all analysts rather than relying on a single expert’s view. With shares now over the average target price, investors have a signal to reevaluate their stance on the stock: Is $164.56 merely a stepping stone to an even higher target, or has the valuation reached a level that warrants caution and potential profit-taking? A breakdown of current analyst ratings for Apollo Global Management Inc is presented below:
| Recent APO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 14 | 13 | 12 | 10 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.55 | 1.58 | 1.61 | 1.69 |
The average rating listed above uses a scale from 1 to 5, with 1 being a Strong Buy and 5 a Strong Sell. Data for this article comes from Zacks Investment Research via Quandl.com. To stay informed, you can access the latest Zacks research report on APO — available 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.
