Carlyle Group Inc Surpasses Analyst Price Target: What Comes Next?
Stock Hits $51.34, Exceeding $49.44 Projections
Recently, shares of Carlyle Group Inc (Symbol: CG) have surged beyond the average analyst 12-month target price of $49.44, trading at $51.34 per share. When a stock hits an analyst’s target, they typically have two choices: either downgrade the stock’s valuation or raise their target price. The analyst’s decision may also be influenced by the company’s performance and trends, which could suggest that a higher target price is warranted.
In the Zacks coverage universe, 16 analysts contribute to the average target for Carlyle Group Inc. It’s important to note that while the average target provides a statistical overview, individual analyst projections vary. For example, one analyst has set a target at $43.00, while another is aiming as high as $64.00. The standard deviation among these targets is $6.26, indicating a fair amount of variability in expectations.
The concept of the average target is grounded in the “wisdom of crowds,” which gathers insights from multiple analysts to form a more robust forecast. Now that CG has surpassed the average target price of $49.44, investors have a crucial decision to make—should they view this threshold as a potential stepping stone toward even higher valuations, or is it an indication that the stock may be overvalued, suggesting it’s time to consider selling some shares? Below is a summary of current analyst expectations for Carlyle Group Inc:
| Recent CG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 6 | 5 | 6 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 10 | 10 | 9 | 8 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.35 | 2.35 | 2.4 | 2.27 |
This average rating scale ranges from 1 (Strong Buy) to 5 (Strong Sell), providing a clear view of market consensus. This analysis is based on data sourced from Zacks Investment Research through Quandl.com. To access the latest Zacks research report on CG, it is available for free.
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Additional Resources:
• Funds Holding AMN
• CYBX Options Chain
• ETFs Holding IPGP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
