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Shares of Arrow Electronics, Inc. (Symbol: ARW) recently traded at $129.15, surpassing the average analyst 12-month target price of $128.00. This change prompted investors to consider potential future adjustments in analyst targets based on the company’s performance.
There are currently 4 analyst targets for Arrow, with estimates ranging from a low of $110.00 to a high of $140.00. The average rating among analysts is 3.0, indicating a hold recommendation, as there are no strong buy or buy ratings noted.
Investors are encouraged to assess whether Arrow’s current valuation reflects a peak or if it may still have room for growth as it crosses the average target.
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