Life Time Group Holdings Inc Surpasses Analyst Target—What’s Next?
In recent trading, shares of Life Time Group Holdings Inc (Symbol: LTH) have crossed above the average analyst 12-month target price of $27.61, changing hands for $27.67/share. When a stock reaches the target set by analysts, they typically have two options: adjust their target price higher or consider downgrading due to valuation. The decision often hinges on the company’s performance and any recent positive developments affecting its stock price.
Analyst Target Price Insights
There are currently 13 different analyst targets within the Zacks coverage universe contributing to the average for Life Time Group Holdings Inc. However, this average represents a mathematical mean and individual analysts may have differing views. One analyst sets a target as low as $21.00, while another projects as high as $33.00, resulting in a standard deviation of $4.174. This variation reflects a range of opinions regarding the stock’s future potential.
Understanding the Averages
The main purpose of considering the average price target for LTH is to capture a collective view—drawing from multiple analysts rather than relying on a single expert’s opinion. With LTH trading above the average target of $27.61/share, it signals to investors a time for re-evaluation. Questions arise: Is $27.61 merely a waypoint towards a higher target, or has the stock become too expensive, prompting a reassessment of holding shares?
Current Analyst Ratings
| Recent LTH Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 8 | 8 | 7 | 7 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.69 | 1.69 | 1.75 | 1.75 |
The average rating reflects a scale from 1 to 5, where 1 indicates a Strong Buy and 5 designates a Strong Sell. This analysis utilizes data provided by Zacks Investment Research via Quandl.com. For more insights, explore the latest Zacks research report on LTH—available for 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.
