Recently, Ollie’s Bargain Outlet Holdings Inc (Symbol: OLLI) has seen its stock price climb above the average analyst 12-month target, now sitting at $111.02 per share compared to the target of $102.40. When a stock reaches this target, analysts typically have two choices: they can either downgrade due to valuation concerns or increase their target prices based on recent performance trends. The analyst’s response often hinges on the company’s fundamental developments that may justify a higher stock price.
For Ollie’s, there are 15 distinct analyst targets contributing to the average projection. It’s crucial to note that this average is just that—a statistical midpoint. There are analysts who have set lower targets, including one with a notably conservative price of $64.00. Conversely, another analyst has projected a target as high as $115.00, resulting in a standard deviation of $11.776.
The value of the average price target lies in its ability to represent a “wisdom of crowds” phenomenon. It aggregates the viewpoints of multiple analysts rather than relying on a single expert. Now that OLLI has exceeded the $102.40 average target, it prompts investors to evaluate the company further. They face a crucial choice: Is this merely a stepping stone to an even higher target, or has the stock’s valuation become excessive, warranting considerations for profit-taking? Below is a detailed breakdown of current analyst opinions regarding Ollie’s Bargain Outlet Holdings Inc:
| Recent OLLI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 9 | 10 | 10 | 10 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 3 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.79 | 1.64 | 1.64 | 1.64 |
The average rating indicates how analysts generally view Ollie’s stock, where 1 represents a Strong Buy and 5 signifies a Strong Sell. Data for this article comes from Zacks Investment Research via Quandl.com. For the latest report on OLLI, access it for free through Zacks.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
