Goldman Sachs BDC Shares Surpass Analyst Target Price
In recent trading, shares of Goldman Sachs BDC Inc (Symbol: GSBD) have moved above the average analyst 12-month target price of $12.33, trading at $12.35 per share. With a stock reaching the analyst’s target, two possible reactions emerge: a downgrade due to valuation concerns or an adjustment of the target price to a higher level. The analyst’s response may also hinge on business developments that are influencing the stock price—if the company’s outlook is improving, it might warrant a higher price target.
There are three different analyst targets within the Zacks coverage universe that contribute to the average for Goldman Sachs BDC Inc. However, the average is merely a mathematical figure. Some analysts have set lower targets, with one forecasting a price of $12.00. Conversely, one analyst has a target as high as $13.00, resulting in a standard deviation of $0.577.
The rationale behind examining the average GSBD price target is to access a collective opinion, representing the insights from various analysts rather than relying solely on one expert. As GSBD exceeds the average target price of $12.33 per share, investors are encouraged to reassess the company. They should consider whether $12.33 is merely a stepping stone toward a higher target or if the current valuation has reached a point that warrants taking profits. Below is a table summarizing the current views from the analysts covering Goldman Sachs BDC Inc:
| Recent GSBD Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 3.5 | 3.5 | 3.5 | 3.5 |
The average rating displayed in the last row represents a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. For the latest Zacks research report on GSBD, click here — FREE.
10 ETFs With Most Upside To Analyst Targets »
also see:
• TPNL Videos
• NUO Historical Stock Prices
• ONTX shares outstanding history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
