Liberty Broadband Surpasses Analyst Target Price of $73.25
Recently, Liberty Broadband Corp (Symbol: LB) shares traded above the average analyst 12-month target price of $73.25, reaching $74.17 per share. When a stock meets this target, analysts typically respond by either downgrading their valuation or adjusting their target price higher. Their response may also depend on recent developments in the company’s fundamentals that could influence the stock price—stronger indicators might lead to an increased target price.
There are eight analysts contributing to the average target for Liberty Broadband Corp. This average is simply a mathematical representation. Some analysts have lower price targets, with one suggesting a price of only $34.00. Conversely, another analyst has set a target as high as $88.00. The standard deviation among these targets is $17.621.
The purpose of examining the average price target for LB is to utilize a “wisdom of crowds” approach. This averages insights from various analysts, rather than relying on a single view. With LB surpassing the average target of $73.25 per share, investors must evaluate whether this figure is merely a stepping stone toward higher targets or if the valuation has become stretched enough to consider profit-taking. Below is a table showing the current ratings from analysts covering Liberty Broadband Corp:
| Recent LB Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 5 | 5 | 5 | 5 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.78 | 1.78 | 1.78 | 1.78 |
The average rating in the table ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Strong Sell. Data for this analysis is sourced from Zacks Investment Research via Quandl.com.
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Additional Insights:
• Analyst Actions
• TTEC Insider Buying
• LMNL Shares Outstanding History
The views expressed here reflect those of the author and do not necessarily represent Nasdaq, Inc.
