Shares of Plains All American Pipeline LP (PAA) have surpassed the average analyst 12-month target price of $22.12, currently trading at $22.14 per share. This movement signals potential reassessments from analysts regarding future price targets, especially as 16 different analysts contribute to the average, with estimates ranging from $17.00 to $26.00. The standard deviation of these targets is $2.446.
The breakdown of recent analyst ratings for PAA shows 8 strong buy ratings, 6 hold ratings, 1 sell rating, and 2 strong sell ratings. The average rating across analysts is 2.35, where 1 indicates strong buy and 5 indicates strong sell. This data underscores how market sentiment on PAA is evolving after the stock’s rise above the analyst target.
