Cboe Global Markets Surpasses Analyst Price Target: What Comes Next?
Recently, Cboe Global Markets Inc (Symbol: CBOE) shares have risen above the average analyst 12-month target price of $209.88, currently trading at $215.29 per share. When shares hit an analyst’s target, the analyst typically has two choices: either downgrade the stock on valuation grounds or adjust the target price higher. This decision often hinges on recent business developments that influence the stock’s price. If the company appears to be improving, it may warrant a higher target price.
The average target for Cboe Global Markets Inc is derived from 16 different analyst projections within the Zacks coverage universe. However, this average represents a blend of opinions, encompassing both lower projections, such as one analyst suggesting a price of $172.00, and higher targets, with one analyst estimating a price of $251.00. The standard deviation among these targets stands at $20.493.
Determining the average CBOE target price involves aggregating insights from multiple analysts, reflecting a collective perspective rather than that of a single expert. As CBOE surpasses the average target price of $209.88, investors are prompted to reassess the company. The question arises: is $209.88 merely a stepping stone towards an even higher target, or has the valuation become too high, prompting considerations to take profits?
| Recent CBOE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 4 | 4 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 11 | 11 | 12 | 13 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 3 | 3 | 2 | 0 |
| Average rating: | 2.85 | 2.85 | 2.78 | 2.53 |
The average rating in the table represents a scale from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Strong Sell. Data for this article was provided by Zacks Investment Research via Quandl.com. For more information, you may access the latest Zacks research report on CBOE — available 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.
