Carlyle Group Inc Surpasses Analyst Target: What’s Next for Investors?
Recently, Carlyle Group Inc (Symbol: CG) shares have climbed above analysts’ average 12-month target price of $55.94, trading at $56.41 each. When a stock price reaches the target set by analysts, they typically have two options: downgrade the stock on valuation or adjust their target price upward. Their reaction may hinge on positive developments in the company that justify the higher price.
A total of 18 analysts have contributed target prices for Carlyle Group Inc within the Zacks coverage universe. While the average is $55.94, it reflects a range of opinions. One analyst projects a price of $45.00, while another is optimistic with a target as high as $85.00. The standard deviation among these targets stands at $8.714, indicating some variation in expectations.
The purpose of examining the average target price is to leverage collective insights from multiple analysts, rather than relying on a single expert’s viewpoint. As shares of CG surpass this average target, current investors have a key opportunity to reassess: is $55.94 just a milestone on the way to a higher target, or has the stock become overvalued, warranting a sale?
| Recent CG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 8 | 7 | 7 | 7 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 10 | 10 | 10 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.17 | 2.28 | 2.28 | 2.28 |
The average rating shown in the table ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis utilized data from Zacks Investment Research via Quandl.com. Check out the latest Zacks research report on CG — it’s free.
Discover the Top 25 Broker Analyst Picks of the S&P 500 »
Additional Resources:
SCHV Options Chain
TSP Stock Predictions
Top Ten Hedge Funds Holding NUKK
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
