Brookfield Corp Surpasses Analyst Target: What It Means for Investors
In recent trading, Brookfield Corp (Symbol: BN) shares have risen above the average analyst 12-month target price of $53.72, trading at $54.04 per share. When a stock hits its target, analysts typically respond in one of two ways: adjust the target price higher or downgrade due to valuation concerns. Their reactions often depend on the company’s performance, which might suggest further growth potential.
Brookfield Corp has received input from eight analysts within Zacks’ coverage. While the average target is a simple mathematical figure, it can mask a range of opinions. For example, one analyst suggests a lower target of $42.50, while another sees the potential for the stock to hit $64.00. The standard deviation among these targets is $7.682.
The attraction of considering an average price target lies in the “wisdom of crowds” concept. Analysts collectively provide a broader perspective than any single expert can offer. With BN now exceeding the $53.72 average, investors are encouraged to reconsider their positions. Is the stock merely pausing before reaching higher targets, or has it become overvalued, prompting the need to take profits? Below is a summary of the current analyst ratings for Brookfield Corp:
Recent BN Analyst Ratings Breakdown | ||||
---|---|---|---|---|
» | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
Strong buy ratings: | 5 | 5 | 5 | 5 |
Buy ratings: | 1 | 1 | 1 | 1 |
Hold ratings: | 2 | 2 | 2 | 2 |
Sell ratings: | 0 | 0 | 0 | 0 |
Strong sell ratings: | 0 | 0 | 0 | 0 |
Average rating: | 1.63 | 1.63 | 1.63 | 1.63 |
The average rating in the table is based on a scale of 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 BN, 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.