Marriott’s Stock Hits Analyst Target: What’s Next?
Recently, shares of Marriott International, Inc. (Symbol: MAR) exceeded the average analyst 12-month target price of $279.14. As of now, the stock is trading at $283.96 per share. When a stock reaches its target price, analysts typically face a decision: lower the rating due to valuation concerns or raise the target based on positive company developments. Analysts’ reactions often depend on the underlying factors driving the stock’s rise.
The average target number for Marriott comes from 24 analysts within the Zacks coverage universe. However, this average masks the varied opinions among analysts. While some set lower targets, with one analyst predicting a price of $220.00, others are optimistic, with a target as high as $328.00. The standard deviation in these predictions is $26.32, which indicates a range of views on the stock’s potential.
The strategy of looking at the average target price arises from the concept of “wisdom of the crowds,” offering a composite view rather than relying on just one analyst’s opinion. With Marriott’s stock surpassing the average target price of $279.14 per share, investors are prompted to evaluate the situation closely. They must consider whether this price mark is just a stepping stone toward an even higher target or if the current valuation now demands caution, maybe reconsidering their investment. Below is a table summarizing the recent analyst ratings for Marriott International, Inc.:
| Recent MAR 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: | 17 | 17 | 17 | 17 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.5 | 2.5 | 2.5 | 2.5 |
The average rating is on a scale of 1 to 5, where 1 represents a Strong Buy and 5 represents a Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com. For further insights, check the latest Zacks research report on MAR — available for FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
