Goosehead Insurance Stock Surpasses Analyst Target: What’s Next for Investors?
Recently, shares of Goosehead Insurance Inc (Symbol: GSHD) have soared past the average analyst 12-month target price of $105.30, trading at $106.07 per share. When a stock reaches an analyst’s target price, they typically have two choices: either downgrade the stock based on its valuation or increase their target to reflect positive company developments. Analysts’ responses may vary based on the business progress that contributed to this price increase—if the company is thriving, raising the target price might be warranted.
Analyst Perspectives on Goosehead Insurance
A total of 10 analysts within the Zacks coverage universe contribute to the average target for Goosehead Insurance Inc. This average number reflects a collective view rather than a single expert’s opinion. The estimates vary significantly: one analyst predicts a target price of $44.00, while another expects it to reach $132.00, resulting in a standard deviation of $28.979.
Assessing the Valuation of GSHD
Investors should consider whether GSHD’s current price of $106.07 is just a stepping stone towards an even higher goal or if it has become too expensive. The crossing of the average target price prompts a reassessment of the company’s prospects. Below is a table detailing the latest ratings from analysts covering Goosehead Insurance Inc:
| Recent GSHD Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.36 | 2.36 | 2.36 | 2.36 |
The average rating in the table above ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis is based on data provided by Zacks Investment Research via Quandl.com. For insight into Goosehead Insurance, one can access the latest Zacks research report on GSHD — free of charge.
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For Further Information:
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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.
