Grand Canyon Education Shares Surge Past Analyst Target Price
In recent trading, shares of Grand Canyon Education Inc (Symbol: LOPE) have surpassed the average analyst 12-month target price of $179.67, changing hands for $180.89 per share. When stocks hit an analyst’s target, the analyst has two main choices: downgrade their valuation or raise the target price. Their decision may also hinge on recent developments within the company that could justify an upward adjustment in price.
There are a total of three different analyst targets in the Zacks coverage universe contributing to this average for Grand Canyon Education Inc. While the average is a calculated number, individual analysts have varied opinions. One analyst has set a lower target of $173.00, while another has set a higher target at $186.00. The standard deviation among these targets stands at $6.506.
The reason investors look at the average LOPE price target is to benefit from collective insights, rather than relying on a sole expert’s opinion. With LOPE currently trading above the average target price, it is an opportunity for investors to evaluate the company further. They might consider whether $179.67 is merely a milestone, on the path to a higher target, or if the valuation has taken a leap that warrants caution around taking profits. Below is a table summarizing the latest analyst evaluations for Grand Canyon Education Inc:
| Recent LOPE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 0 | 0 | 0 | 0 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.0 | 1.0 | 1.0 | 1.0 |
The average rating shown in the table is scaled from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This analysis is based on data from Zacks Investment Research via Quandl.com. For further insights, obtain the latest Zacks research report on LOPE — available for free.
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
