Kodiak Gas Services Surpasses Analyst Target: What’s Next for Investors?
Recent trading has seen shares of Kodiak Gas Services Inc (Symbol: KGS) rise above the 12-month analyst target price of $36.00, trading at $36.44 per share. When a stock meets or exceeds an analyst’s target, they usually must choose between downgrading their rating based on value or increasing their target. Their decision often hinges on the company’s recent developments that may justify a higher target price.
Analysts contributing to Kodiak Gas Services’ average target include 12 different perspectives from the Zacks coverage universe. While the average sits at $36.00, individual analyst targets vary widely, with one predicting a price of $31.00 and another as high as $40.00. The standard deviation among these targets is $3.133.
The rationale behind examining the average target price lies in the “wisdom of crowds.” It gathers insights from multiple analysts rather than relying solely on one perspective. With KGS surpassing the average target price, investors are prompted to evaluate whether $36.00 is a stepping stone toward even higher prices or if they’ve reached a peak and should consider selling some shares. Below is a breakdown of the current views of analysts covering Kodiak Gas Services Inc:
| Recent KGS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 7 | 3 | 4 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.55 | 1.55 | 1.86 | 1.75 |
The average rating, based on a scale from 1 (Strong Buy) to 5 (Strong Sell), indicates a cautious optimism among analysts regarding KGS stock. This analysis utilizes data provided by Zacks Investment Research via Quandl.com. For the latest insights on Kodiak Gas Services, see the complimentary Zacks research report for KGS.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
