BJ’s Wholesale Club Surpasses Analyst Target Price: What’s Next?
Recently, shares of BJ’s Wholesale Club Holdings Inc (Symbol: BJ) exceeded the average 12-month target price set by analysts at $119.84, trading at $119.94 per share. When a stock reaches the target price predicted by analysts, they typically react in one of two ways: by downgrading the valuation or adjusting their target price higher. This decision may depend on recent developments within the company that could justify a price increase. If the business outlook is positive, analysts might consider raising their target price.
According to Zacks Investment Research, there are 19 analysts contributing to the average target for BJ’s Wholesale Club Holdings Inc. While the average may reflect a consensus, individual targets vary. For instance, one analyst predicts a price of $101.00, while another sets a target as high as $135.00. The standard deviation among these targets is $10.48.
The rationale behind examining the average price target is to leverage collective insights from multiple analysts, rather than relying on a single expert’s opinion. With BJ’s recent price surpassing the average target of $119.84 per share, investors now have a critical opportunity. They should evaluate whether this price point indicates a potential for further growth or if it suggests the stock is overvalued, prompting a re-evaluation of their positions. Below is a table detailing the current analyst ratings for BJ’s Wholesale Club Holdings Inc:
| Recent BJ Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 12 | 11 | 11 | 11 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 9 | 9 | 9 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.86 | 1.9 | 1.9 | 1.9 |
The average rating provided in the table above scales from 1 to 5, where 1 denotes a Strong Buy and 5 indicates a Strong Sell. This information is based on data from Zacks Investment Research via Quandl.com. For the latest research report on BJ, visit Zacks — 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.
