Leonardo DRS Inc. Stock Surpasses Analyst Price Target: What Should Investors Consider Next?
Recently, shares of Leonardo DRS Inc. (Symbol: DRS) have risen above the average analyst 12-month target price of $31.00, trading at $31.64 per share. When a stock hits an analyst’s price target, the analyst typically considers two options: either downgrade their valuation or adjust their target price higher. Their response may also depend on the company’s current situation—if prospects seem bright, a price increase could be warranted.
Leonardo DRS Inc. has six different analyst targets contributing to the overall average. However, this average does not capture the full picture. Among the analysts, there is a range of opinions: one targets a price of $29.00, while another has set a more optimistic target of $33.00. The standard deviation stands at $1.549, indicating some variability in expectations.
The importance of examining the average target for DRS lies in its collective wisdom. This figure represents a combination of various analysts’ insights rather than solely reflecting one individual’s estimate. Now that DRS has crossed the average target price of $31.00, investors are encouraged to reassess the company. They must decide whether $31.00 is merely a stepping stone toward even higher targets or if the current valuation suggests it’s time to take profits. Below is a breakdown of recent analyst ratings for Leonardo DRS Inc.:
| Recent DRS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 3 | 3 | 4 | 6 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.0 | 2.0 | 1.67 | 1.5 |
The average rating reflected in the table spans from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. The data used in this article was provided by Zacks Investment Research through Quandl.com. For further insights, you can access the latest Zacks report on DRS—available for free.
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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.
