Columbia Sportswear Surpasses Analyst Price Goals: What’s Next?
In recent trading, shares of Columbia Sportswear Co. (Symbol: COLM) have crossed above the average analyst 12-month target price of $77.86, changing hands for $80.47/share. When a stock reaches the target set by an analyst, they are faced with two options: either downgrade the stock on valuation or adjust their target price upwards. The decision may also hinge on the solid business developments fueling the stock’s rise—if there’s growth potential for the company, an upward revision is likely warranted.
Within the Zacks coverage universe, there are 7 analysts contributing to the average target for Columbia Sportswear Co. However, this average is simply a calculation with varied predictions. Some analysts have set lower targets, like one that expects the price to drop to $60.00, while another is optimistic, targeting $95.00. The overall standard deviation among these predictions is $13.334.
Ultimately, examining the average COLM price target reveals a collective viewpoint from multiple analysts rather than relying on the opinion of a single expert. With COLM stock now exceeding the average target price of $77.86/share, investors are prompted to think critically about the company’s prospects. Is this level merely a stepping stone to an even higher target, or has the stock’s value become inflated, signaling a good opportunity to cash in? Below is a summary of current analyst opinions on Columbia Sportswear Co.
| Recent COLM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 4 | 5 | 5 | 5 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.88 | 2.89 | 2.89 | 2.89 |
The average rating shown in the last row ranges from 1 to 5, where 1 signifies Strong Buy and 5 indicates Strong Sell. This article utilizes data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on COLM, click here — 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.
