Columbia Sportswear Stock Surpasses Analyst Target Price of $69.12
Recently, shares of Columbia Sportswear Co. (Symbol: COLM) have exceeded the average 12-month target price set by analysts, reaching $69.59 per share. When a stock hits its target price, analysts typically face two choices: downgrade their valuation or raise their target price. Their decision often hinges on recent business developments that may justify the stock’s rise. If the company’s prospects appear strong, an upward adjustment may be warranted.
Analyst Target Disparities
In the Zacks coverage universe, eight analysts provide input that contributes to the average target for Columbia Sportswear. However, this average is just a mathematical figure. For instance, one analyst’s target price is as low as $51.00, while another predicts a target as high as $95.00, resulting in a standard deviation of $14.267.
Evaluating Investment Decisions
The average target price serves as a gauge, reflecting a “wisdom of crowds” approach by aggregating various analyst insights. With COLM now trading above the average target of $69.12 per share, current investors should reassess the company’s prospects. They must decide whether this price is simply a stepping stone to a higher valuation or if it’s a signal to consider potential profit-taking.
Current Analyst Ratings
| Recent COLM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 4 | 4 | 4 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.89 | 2.88 | 2.88 | 2.88 |
The average rating scale ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis utilized data from Zacks Investment Research via Quandl.com.
