DaVita Inc Surpasses Analyst Price Target: What’s Next for Investors?
In the latest trading session, DaVita Inc (Symbol: DVA) saw its shares climb above the average analyst’s 12-month target price of $163.00, reaching $164.14. When a stock hits or exceeds an analyst’s target, they typically face two choices: downgrade due to valuation concerns or raise their target price higher. An analyst’s decision often hinges on the company’s performance and recent developments that might be propelling the stock upwards. If the outlook is positive, this could warrant a new, higher target price.
Currently, there are seven distinct analyst targets for DaVita Inc within the Zacks coverage universe, contributing to this average. However, this average reflects a range of opinions, with one analyst setting a target as low as $145.00, while another has posted a much higher target of $186.00. The standard deviation among these targets stands at $13.416, indicating a variation in analyst expectations.
The reason for examining the average target price lies in the collective insight of various analysts rather than relying solely on any single expert’s viewpoint. As DaVita crosses above the average target of $163.00/share, investors are encouraged to reevaluate the company’s prospects. They must consider whether reaching this target signals a path to an even higher valuation or if the current price suggests it may be time to take some profits. Below is a breakdown of the recent ratings from analysts covering DaVita Inc:
| Recent DVA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 6 | 6 | 6 | 6 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.88 | 2.88 | 2.88 | 2.88 |
The average rating presented in the table above ranges from 1 (Strong Buy) to 5 (Strong Sell). The insights used in this article come from Zacks Investment Research via Quandl.com. For further information, read the latest Zacks research report on DVA — FREE.
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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.
