MNSO Surpasses Analyst Price Target: What’s Next for MINISO Group Holdings?
Shares of MINISO Group Holding Ltd (Symbol: MNSO) have recently climbed past the average analyst 12-month target price of $22.92, trading at $23.33 per share. This raises an important question for investors: how will analysts respond to this development? Typically, they may choose to downgrade their valuation, or they might adjust their target price upwards, depending on the company’s performance.
Seven analysts contribute to the average target for MINISO Group. While some analysts set lower targets, with one forecasting $14.80, others are more optimistic, with a target as high as $31.20. The standard deviation among these estimates is $6.354, indicating varied opinions on the stock’s valuation.
The purpose of looking at the average price target is to harness collective insight from multiple analysts, rather than relying on a single opinion. With MNSO now above the average target price of $22.92, this moment presents a chance for investors to evaluate the situation and determine whether this is a stepping stone to an even higher target or if it’s time to consider cashing in some profits. The following table summarizes the current ratings from analysts covering MINISO Group Holding Ltd:
| Recent MNSO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 4 | 4 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.0 | 2.0 | 2.0 | 2.0 |
The average rating shown above is on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Strong Sell. This data was sourced from Zacks Investment Research via Quandl.com. For the latest Zacks research report on MNSO, click here for FREE access.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
