BJ’s Wholesale Club Surpasses Analyst Price Target: What to Expect Next?
Recently, shares of BJ’s Wholesale Club Holdings Inc (Symbol: BJ) have exceeded the average analyst 12-month target price of $103.79, trading at $112.33 per share. When a stock hits an analyst’s target, they typically face two options: either downgrade the valuation or adjust their target price upwards. The decision may also hinge on recent fundamental business developments that could justify a new, higher target price.
There are 19 analysts providing target estimates for BJ’s Wholesale Club Holdings Inc, leading to the average price discussed. However, this number represents a mathematical average. On one end, there are analysts projecting a price as low as $80.00, while on the other, one analyst has set a target as high as $123.00. The standard deviation among these targets is $11.863, indicating some level of divergence in expectations.
The purpose of evaluating the average price target is to harness the collective insights from various analysts. This “wisdom of crowds” approach allows investors to weigh opinions rather than relying solely on one expert’s assessment. With BJ’s shares trading above the average target price of $103.79, investors have a timely opportunity to reassess the company’s valuation. They must decide if $103.79 is merely a checkpoint on the way to a more substantial target or if the stock’s valuation is stretched to warrant taking profits.
| Recent BJ Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 11 | 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: | 1.9 | 1.9 | 1.9 | 1.9 |
The average rating displayed in the last row of the table is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. For the latest Zacks research report on BJ, click here.
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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.
