Constellation Energy Corp (Symbol: CEG) has seen its stock price rise above the average analyst 12-month target of $276.88, currently trading at $279.80 per share. When a stock surpasses its target, analysts typically face a choice: downgrade based on valuation or increase their target. Their decision may also reflect positive changes within the company that could justify a new, higher price point.
Currently, 16 analysts contribute to Constellation Energy’s price target consensus. This average serves as a collective indicator, but it’s important to note individual variations. For example, one analyst has set a target as low as $200.00, while another foresees a target of $328.00. The standard deviation from this average is $29.758, indicating a range of opinions within the analyst community.
The rationale in considering the average target price stems from the “wisdom of crowds” principle, combining insights from multiple analysts rather than relying on a single expert’s judgment. With CEG currently above the average of $276.88/share, this situation prompts investors to reassess their positions: Is $276.88 just an interim milestone on the way to even loftier targets, or has the stock become overvalued, warranting some profit-taking? Below is a breakdown of current analyst ratings for Constellation Energy Corp:
| Recent CEG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 10 | 11 | 10 | 8 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 7 | 5 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.82 | 1.63 | 1.57 | 1.67 |
The average rating, calculated on a scale from 1 (Strong Buy) to 5 (Strong Sell), reflects the current outlook among analysts following Constellation Energy. Data for this article was sourced from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on CEG for more insights.
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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.
