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Banco Macro SA (Symbol: BMA) has seen its share price climb above the average analyst 12-month target price of $82.00, currently trading at $82.58 per share. This development prompts analysts to consider whether to downgrade their valuation or adjust their price targets higher.
Within the Zacks coverage universe, there are four different analyst targets for Banco Macro SA, ranging from a low of $61.00 to a high of $108.00, with a standard deviation of $19.407. Currently, the analyst ratings show 2 Strong Buy ratings, 2 Hold ratings, and 1 Strong Sell rating, yielding an average rating of 2.5 on a scale where 1 is Strong Buy and 5 is Strong Sell.
This increase in stock price above the target raises questions for investors about future price movements, prompting a reassessment of the company’s valuation.
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