In its most recent trading session, Apollo Global Management Inc (Symbol: APO) has seen its stock price exceed the average analyst 12-month target of $164.56, with shares being traded at $165.02 each. When a stock meets an analyst’s target, it typically leads to two possible responses: either to downgrade the stock based on its valuation or to revise the target price upwards. Analysts’ reactions can also reflect the company’s performance and outlook — if positive developments are noted, raising the target price might be warranted.
The average target for Apollo Global Management Inc is formed from insights by 18 different analysts in the Zacks coverage universe. However, it is important to remember that averages can be misleading. For instance, one analyst has set a price target as low as $137.00, while another has predicted a much higher price of $188.00, resulting in a standard deviation of $12.137.
The rationale behind examining the average APO price target is to harness the “wisdom of the crowd.” By aggregating the opinions of multiple experts, investors get a broader perspective compared to relying on a single analyst’s viewpoint. As Apollo’s stock crosses the average target price of $164.56 per share, this situation prompts investors to consider whether the target is merely a pause before further growth, or if the stock’s current valuation suggests it might be prudent to cash out some profits. Below is the current analyst ratings breakdown for Apollo Global Management Inc:
| Recent APO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months 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 in the table above ranges from 1 to 5, where 1 indicates “Strong Buy” and 5 signifies “Strong Sell.” This information is sourced from Zacks Investment Research via Quandl.com. Interested readers can access the latest Zacks research report on APO for more insights.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
