Broadridge Financial Solutions’ Stock Surpasses Analyst Target: What’s Next?
In recent market activity, Broadridge Financial Solutions Inc (Symbol: BR) has seen its shares rise above the average analyst 12-month target price of $225.67, currently trading at $226.21 per share. When a stock aligns with or exceeds analysts’ targets, they typically reassess their projections, either downgrading due to valuation concerns or raising their target to reflect new information. Their decisions can vary greatly based on the company’s performance and market conditions.
Within the Zacks coverage universe, six analysts provided input for Broadridge Financial Solutions. These diverse viewpoints have led to an average target of $225.67, but it’s important to note that not all analysts set their targets the same way. For instance, one analyst predicts a price of $207.00, while another foresees a much more optimistic target of $246.00. The standard deviation among these targets is $14.988, indicating varying levels of optimism.
The true value of looking at the average target price is to harness the collective wisdom of multiple analysts, rather than relying on a single opinion. Now that BR is trading above this average price, it’s a pivotal moment for investors. They must determine whether to expect further growth beyond $225.67 or reassess their positions if the stock has become too expensive. The following table summarizes the current ratings from analysts covering Broadridge Financial Solutions Inc:
| Recent BR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.43 | 2.43 | 2.43 | 2.43 |
The average rating of 2.43 indicates a mostly favorable outlook, with 1 representing a Strong Buy and 5 a Strong Sell. The data for this article was provided by Zacks Investment Research through Quandl.com. For those interested, the latest Zacks research report on BR is 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.
