Cboe Global Markets Surpasses Analyst Price Target: Insights & Trends
In recent trading, shares of Cboe Global Markets Inc (Symbol: CBOE) have exceeded the average analyst 12-month target price of $225.00, trading at $226.06 per share. When a stock reaches its target price, analysts typically have two options: they can either downgrade the stock due to valuation or raise their target price. Their reactions may also depend on recent fundamental developments that could justify a higher target price.
Currently, 15 analysts within the Zacks coverage universe contribute to the average price target for Cboe Global Markets Inc, but this average is a mathematical construct. Some analysts have lower targets, such as one predicting a price of $187.00, while others project a much higher target of $249.00. The standard deviation among these targets is $20.763.
The average CBOE price target provides a “wisdom of crowds” perspective, synthesizing insights from various analysts rather than relying on a single viewpoint. With CBOE trading above the average target of $225.00, this presents a timely opportunity for investors to evaluate the company’s prospects. They must consider whether $225.00 is merely a stepping stone toward a higher target or if the valuation has become too stretched, prompting a reassessment of their investment positions.
| Recent CBOE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 3 | 3 | 4 | 4 |
| Buy ratings: | 1 | 1 | 0 | 0 |
| Hold ratings: | 11 | 11 | 11 | 11 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 2 | 2 | 3 | 3 |
| Average rating: | 2.79 | 2.79 | 2.85 | 2.85 |
The average rating, shown in the last row of the table, ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis relies on 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.
