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GEO Surpasses Average Analyst Projections

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GEO Group Shares Surpass Analyst Target: What This Means for Investors

Shares of GEO Group Inc (Symbol: GEO) recently traded at $33.85, exceeding the average analyst target price of $32.25. This situation prompts analysts to respond, either by downgrading their valuations or by raising their target prices. The factors driving the stock’s rise will influence this decision. If GEO’s business prospects improve, it might signal a need for a higher price target.

The average target price is calculated from four different analyst estimates, providing a broad view of expectations for GEO Group Inc. While one analyst projects a target of $37.00, another estimates a price of only $30.00. The standard deviation among these estimates is $3.304, indicating some variability in expectations.

Investors often look at the average target price to gauge overall market sentiment. Now that GEO has surpassed $32.25/share, this is a good time for investors to evaluate whether this is a temporary peak or if the stock could climb even higher. Below is a table illustrating current analyst ratings for GEO Group Inc:

Recent GEO Analyst Ratings Breakdown
» Current 1 Month Ago 2 Months Ago 3 Months Ago
Strong buy ratings: 3 3 3 4
Buy ratings: 0 0 0 0
Hold ratings: 1 1 1 0
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.5 1.5 1.5 1.0

The average rating of 1.5, on a scale from 1 (Strong Buy) to 5 (Strong Sell), illustrates current analyst sentiment toward GEO Group Inc. This information was sourced from Zacks Investment Research via Quandl.com. For more insights, check out the latest Zacks research report on GEO—available for free.

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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.

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