Pacific Premier Bancorp Climbs Above Analyst Price Target: What’s Next?
Shares of Pacific Premier Bancorp Inc (Symbol: PPBI) have recently risen above the average analyst 12-month target price of $27.71, trading at $27.77 per share. When a stock meets its analyst-set target, the analyst faces two main choices: either downgrade the valuation or raise the target price. Reactions often depend on the company’s underlying business developments, which could indicate it’s time to adjust the target higher.
Within the Zacks coverage universe, there are seven analysts contributing to the average price target for Pacific Premier Bancorp Inc. This average reflects a blend of various opinions. Some analysts predict lower targets, with one estimating a price of $25.00, while another sets an optimistic target at $30.00. The standard deviation among these estimates is $2.138.
The initial purpose of assessing the average PPBI price target is to gauge the collective insights of multiple analysts, as opposed to the viewpoint of a single expert. As PPBI exceeds the average target price of $27.71 per share, investors are prompted to evaluate the company’s prospects. Is $27.71 merely a stepping stone toward an even greater target, or has the valuation become so inflated that it’s wise to consolidate gains? Below, we present a breakdown of current analyst ratings for Pacific Premier Bancorp Inc:
| Recent PPBI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.29 | 2.29 | 2.29 | 2.29 |
The average rating, as shown in the last row, is scored from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. This analysis utilized data from Zacks Investment Research via Quandl.com. For the latest Zacks research report on PPBI, access it for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
