Cboe Global Markets (CBOE) Stock Surpasses Analysts’ Targets—What’s Next?
In recent trading, shares of Cboe Global Markets Inc (Symbol: CBOE) have risen above the average analyst 12-month target price of $208.25, currently trading at $209.55 per share. When a stock hits an analyst’s target, the analyst faces two choices: downgrade the stock based on its valuation or raise the target price. Their decision often hinges on the company’s business developments that might be propelling the stock’s increase. Positive signs for the company could lead analysts to adjust their targets upward.
There are 16 different analyst targets within the Zacks coverage universe contributing to the average for Cboe Global Markets Inc. However, this average reflects a range of opinions. Some analysts have lower forecasts, including one predicting a price of $174.00, while another is much more optimistic with a target set at $245.00. The standard deviation of these targets stands at $17.437.
The purpose of examining the average CBOE price target lies in harnessing the “wisdom of crowds.” It combines insights from various analysts, rather than relying on a single expert’s perspective. As CBOE’s stock crosses the average target price of $208.25 per share, investors have a moment to reassess: is this level a stepping stone towards an even higher target, or has the stock’s valuation become too inflated, signaling the time to cash in on some gains?
| Recent CBOE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 4 | 4 | 5 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 12 | 13 | 12 | 13 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 2 | 0 | 0 | 0 |
| Average rating: | 2.78 | 2.53 | 2.41 | 2.53 |
The average rating in the table above uses a scale from 1 to 5, with 1 being Strong Buy and 5 being Strong Sell. This article references data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on CBOE, click here for a free download.
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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.
