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Shares of Old Dominion Freight Line, Inc. (ODFL) recently surpassed the average analyst 12-month target price of $330.13, trading at $330.91 per share. This shift prompts analysts to either downgrade based on valuation or adjust their price targets upwards. The average analyst target is supported by 15 different analyst projections, with the lowest target at $260 and the highest at $385, resulting in a standard deviation of $30.714.
As of now, Old Dominion holds 4 strong buy ratings, 1 buy rating, 9 hold ratings, 1 strong sell rating, and no sell ratings, showing a consistent analyst confidence. The average rating is 2.53, where 1 indicates a strong buy and 5 represents a strong sell. Investors are encouraged to assess their positions, determining whether the stock’s crossing of the average target suggests further growth or indicates a valuation concern.
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