Cboe Global Markets Surpasses Analyst Target Price: What’s Next?
In recent trading, shares of Cboe Global Markets Inc (Symbol: CBOE) have crossed above the average analyst 12-month target price of $210.00, changing hands for $210.50/share. When a stock meets the target set by analysts, they typically face two choices: downgrade based on valuation or raise their target price. The decision often hinges on the company’s recent performance—if business prospects are improving, it may signal a target price increase is warranted.
Among the 16 different analysts providing input within the Zacks coverage universe for Cboe Global Markets Inc, there’s a range of target prices. One analyst has set a target as low as $187.00, while another has gone as high as $239.00, resulting in a standard deviation of $14.619.
The reason for examining the average target price is to harness a collective judgment by combining opinions from multiple analysts. The crossing of the $210.00 target by CBOE offers investors an opportunity to reassess the company. They might ask whether this level is merely a waypoint on the path to higher prices or if it indicates a need to reconsider their investment strategy.
| Recent CBOE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 4 | 5 | 5 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 13 | 10 | 10 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 1 |
| Average rating: | 2.53 | 2.33 | 2.33 | 2.6 |
The average rating in the table above ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article utilized data provided by Zacks Investment Research through Quandl.com. Readers can also access the latest Zacks research report on CBOE — for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
