National Vision Holdings Shares Surpass Analyst Target Price
Recently, shares of National Vision Holdings Inc (Symbol: EYE) surpassed the average analyst 12-month target price of $14.50, trading at $15.61 per share. When a stock reaches an analyst’s target, there are typically two responses: the analyst may downgrade their valuation or raise the target price. Such reactions can be influenced by the underlying business developments propelling the stock price higher, suggesting it may be time to adjust expectations.
There are nine different analyst targets contributing to the average for National Vision Holdings Inc in the Zacks coverage universe. However, the average is merely a mathematical calculation. Some analysts have lower targets, with one projecting a price of $13.00, while another sets a high target at $18.00, resulting in a standard deviation of $2.061.
The primary reason for examining the average EYE price target is to leverage collective insights from multiple analysts rather than relying on a single opinion. With EYE’s stock trading above the $14.50 target, investors should reassess the company, weighing whether $14.50 is merely a waypoint on the journey to a higher target or if the valuation has reached a level to consider taking profits. Below is a summary of the current analyst perspectives on National Vision Holdings Inc:
| Recent EYE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 4 | 4 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.3 | 2.3 | 2.3 | 2.3 |
The average rating in the table ranges from 1 to 5, where 1 signifies Strong Buy and 5 indicates Strong Sell. This data is sourced from Zacks Investment Research via Quandl.com.
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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.
