Artisan Partners Asset Management Surpasses Analyst Target Price
Recently, shares of Artisan Partners Asset Management Inc. (Symbol: APAM) have risen above the average analyst 12-month target price of $37.62, trading at $38.51 per share. When a stock reaches the set target price, analysts typically respond in one of two ways: they may either downgrade their rating based on valuation or adjust their target price higher. Analysts’ reactions may also depend on recent business developments that could justify the increase in stock price. If the company’s fundamentals are improving, it may warrant raising the target price.
Analyst Targets and Variability
Within the Zacks coverage universe, there are four different analyst targets contributing to the average for Artisan Partners. However, this average represents a mathematical mean, with some analysts projecting lower targets, including one at $33.00, while another has a more optimistic target of $43.00. The standard deviation among these targets is $4.497.
Examining the average price target—$37.62—allows investors to gauge collective market sentiment. It raises a crucial question: Is this just a temporary price point before reaching higher levels, or has the stock become overvalued, suggesting a potential need to sell shares? The table below summarizes the current analyst consensus on Artisan Partners Asset Management Inc.
| Recent APAM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong Buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong Sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 3.25 | 3.25 | 3.25 | 3.25 |
The average rating in the table ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis utilized data provided by Zacks Investment Research via Quandl.com.
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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.
