DaVita Inc Surpasses Analyst Target: What Investors Should Consider Next
Shares of DaVita Inc (Symbol: DVA) have recently surpassed the average 12-month analyst target price of $163.00, currently trading at $164.14 per share. When a stock hits an analyst’s target, they often must make a decision: downgrade their evaluation or raise their target price. The analyst’s decision may also hinge on the company’s current performance and market conditions, which could warrant an updated price target.
The average target for DaVita Inc is derived from 7 analysts within the Zacks coverage area. Notably, the estimates vary, with one analyst suggesting a target as low as $145.00, while another anticipates as high as $186.00. The standard deviation among these targets is $13.416, indicating a reasonable range for investor consideration.
The reason investors pay attention to the average price target is the collective insights from various analysts, offering a broader perspective than any single expert could provide. With DaVita crossing above the $163.00 average target price, it presents an opportunity for investors to evaluate the company’s outlook. They now face a crucial question: is $163.00 merely a stepping stone toward higher targets, or has the stock’s valuation become inflated, suggesting it’s time to reconsider their position? Below is a table summarizing the current analyst sentiments regarding 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 shown above ranges from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Strong Sell. This analysis incorporates data from Zacks Investment Research via Quandl.com, providing insights on DaVita.
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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.
