Glaukos Corp Surpasses Analyst Price Target: What’s Next?
Recently, Glaukos Corp (Symbol: GKOS) saw its shares climb past the average analyst 12-month target price of $156.69, trading at $158.12 per share. In such situations, analysts typically have two options: either downgrade the stock due to valuation concerns or raise their target price. Their decision often hinges on whether recent positive developments at the company warrant a reassessment of expectations.
Within the Zacks coverage universe, 13 analysts have weighed in on Glaukos Corp, contributing to the average target. However, it’s important to remember that this average masks a range of opinions. For instance, while some analysts set their targets as low as $120.00, others project as high as $185.00, leading to a standard deviation of $18.006.
Investors look at the average GKOS price target to benefit from a “wisdom of crowds” approach, combining various expert views rather than relying solely on one person’s analysis. With GKOS exceeding the $156.69 average target, this may be an opportune moment for investors to evaluate Glaukos. Is the stock merely stopping at this point, or is it poised for even greater heights? Alternatively, has the valuation stretched too thin, suggesting it’s time for some investors to consider taking profits? Below is a table that summarizes current analyst opinions on Glaukos Corp:
| Recent GKOS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 11 | 10 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 3 | 4 | 4 |
| Sell ratings: | 1 | 1 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.51 | 1.65 | 1.69 | 1.69 |
The average rating shown in the last row ranges from 1 to 5, where 1 represents Strong Buy and 5 indicates Strong Sell. This analysis utilized data from Zacks Investment Research via Quandl.com. For the latest insights, you can access the Zacks research report on GKOS — at no cost.
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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.
