Broadridge Financial Solutions Shares Surpass Analyst Target Price
Recently, shares of Broadridge Financial Solutions Inc (Symbol: BR) have risen above the consensus 12-month target price of $244.33, currently trading at $244.83 per share. When a stock reaches an analyst’s target price, the analyst typically has two options: downgrade the rating due to valuation concerns or raise the target price based on positive developments. The decision may also hinge on the underlying business factors pushing the stock price higher, potentially justifying a revised target.
Analyst Targets and Evaluations
Within the Zacks coverage universe, there are six analysts contributing to the average target for Broadridge Financial Solutions. While the average is a useful metric, it masks the diversity in perspectives. Some analysts have set lower targets, with one estimating a price of $220.00, while on the other end, another analyst has a bullish target of $260.00. The standard deviation in their forecasts stands at $18.489.
Analyzing the average target price helps investors gauge the overall sentiment. With Broadridge’s share price crossing the average target of $244.33, investors are prompted to reassess: Is this merely a stop on the path to even higher valuations, or has the stock become overvalued, suggesting a prudent time to take profits? Below is a summary of the current analyst ratings for Broadridge Financial Solutions Inc:
| Recent BR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.71 | 2.71 | 2.71 | 2.71 |
The average rating noted above reflects a scale of 1 to 5, where 1 indicates a Strong Buy and 5 represents a Strong Sell. This analysis incorporates data from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
