Recently, Jackson Financial Inc (Symbol: JXN) saw its shares rise above the average analyst 12-month target price of $100.00, trading at $101.88 per share. When a stock hits an analyst’s target, they typically have two choices: lower their valuation or increase their target price. The decision can be influenced by the company’s performance and overall business outlook. If the company is demonstrating strong fundamentals, it might be time for analysts to reassess and raise their price targets.
There are five different analyst targets included in Zacks coverage for Jackson Financial Inc, but the average represents a blend of various opinions rather than a single expert’s view. While some analysts set lower targets, like $82.00, others have optimistic projections as high as $117.00. The standard deviation among these estimates stands at $12.98, highlighting the differing perspectives on the stock’s potential.
The concept of the average target price is rooted in collective insight, encouraging investors to weigh multiple viewpoints rather than relying on one analyst. As Jackson Financial’s shares surpass the $100.00 target, this signals investors to reevaluate the company. They must decide if $100.00 is just a milestone on the way to greater heights or if the stock has become overpriced, prompting some to consider selling. The following table illustrates the current analyst sentiments regarding Jackson Financial Inc:
| Recent JXN Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 1 | 1 | 1 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 0 | 0 | 0 |
| Average rating: | 3.0 | 2.6 | 2.6 | 3.0 |
The average rating displayed above ranges from 1 (Strong Buy) to 5 (Strong Sell). Data for this article was sourced from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on JXN for more insights — FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
