Recently, MNSO (Symbol: MNSO) has surpassed the average analyst’s 12-month target price of $21.02, trading at $22.82/share. When a stock hits an analyst’s target, they typically have two choices: either downgrade their rating due to valuation or raise their target price. The decision often hinges on recent business developments that might be driving the stock price upward. If the company’s outlook looks promising, an increased target price may be appropriate.
The average target price for MNSO is compiled from six analysts in the Zacks coverage universe. However, averages can mask a range of opinions. Some analysts have set lower targets, with one predicting a price of $12.60, while another is optimistic with a target of $31.20. The standard deviation among these targets is $7.777, indicating a diverse range of analyst opinions.
The purpose of considering the average price target is to leverage a “wisdom of crowds” approach. This methodology aggregates various expert insights into a single figure rather than relying on a single analyst’s perspective. With MNSO now trading above $21.02/share, investors are prompted to reevaluate the company’s potential. Is this price just a stepping stone toward a higher target, or has the stock’s valuation become excessive, suggesting it may be time to take profits? Below is a summary of analysts’ current ratings for MNSO:
| Recent MNSO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 4 | 4 | 3 | 5 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 2 | 2 | 2 | 0 |
| Sell ratings: | 1 | 1 | 1 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.0 | 2.0 | 2.17 | 1.0 |
The average rating in the table above ranges from 1 (Strong Buy) to 5 (Strong Sell). Data for this article was sourced from Zacks Investment Research via Quandl.com.
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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.
