Shares of Halliburton Company (HAL) surpassed the average analyst 12-month target price of $31.04, trading at $31.92 per share. Analysts may respond to this milestone by either downgrading their evaluations or raising the target prices based on the company’s performance. Notably, there are 23 different analyst targets for Halliburton, with the lowest at $24.00 and the highest at $41.00, demonstrating a standard deviation of $3.661.
The recent ratings breakdown shows 13 strong buy, 3 buy, and 8 hold ratings, with no sell or strong sell ratings. The average rating stands at 1.77 on a scale where 1 is a strong buy and 5 is a strong sell. Investors are now assessing whether the stock’s rise is a precursor to even higher targets or if current valuations warrant selling.
