NRG Energy Surpasses Analyst Price Target: What’s Next for Investors?
Recently, shares of NRG Energy Inc (Symbol: NRG) traded above the average analyst 12-month target price of $105.25, reaching $106.00 per share. When a stock hits an established target, analysts typically have two options: either they downgrade the stock’s valuation or raise their target price. Their decision may also hinge on recent business developments that could drive the stock even higher.
Understanding Analyst Perspectives on NRG Energy
There are eight analysts contributing to this target within the Zacks coverage universe. However, the average itself represents a mixture of opinions. Among the analysts, one sets a target as low as $74.00, while another predicts a high of $140.00, leading to a standard deviation of $20.232.
The purpose of analyzing the average NRG price target is to gather insights from a group of analysts rather than rely on a single expert’s outlook. With NRG’s recent performance above the $105.25 target, it signals a good moment for investors to evaluate the company’s potential. They must decide whether this target is just a point along the way to higher valuations or if it’s time to consider cashing out a portion of their investments.
| Recent NRG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 4 | 4 | 5 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.89 | 1.89 | 2.11 | 2.11 |
The average rating is based on a scale from 1 to 5, where 1 represents a “Strong Buy” and 5 indicates a “Strong Sell.” Data for this article was sourced from Zacks Investment Research via Quandl.com. For more insights, get the latest Zacks research report on NRG — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
Additional Insights:
• Top Stocks Held By Ken Fisher
• SPC Split History
• Institutional Holders of BUFG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
