Recent trading has seen shares of RadNet Inc (Symbol: RDNT) rise above the average analyst target of $79.80, currently priced at $86.38 per share. This rise poses a crucial decision point for analysts—should they downgrade their valuation or increase their targets? The direction taken may depend on recent developments within the company that have supported this stock price increase.
Analyst Target Insights for RadNet
Within the coverage of Zacks, five different analyst targets contribute to RadNet Inc’s average price target. This average, however, masks a range of predictions. For instance, one analyst believes the stock could drop to $70.00, while another sees potential growth up to $88.00. Notably, the standard deviation among these targets is $6.496—indicating a discrepancy in expectations.
The Value of Analyst Consensus
Investors often rely on the average target price as a collective judgment. With RadNet recently surpassing the $79.80 target, shareholders might consider whether this is just the beginning of an upward trend or if the stock is approaching a peak valuation. This moment begs the question: is it time to reassess investments in RadNet?
| Recent RDNT Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 4 | 4 | 3 | 2 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 0 | 0 | 0 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.2 | 1.2 | 1.25 | 1.75 |
The average rating displayed in the table utilizes a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Strong Sell. This article features data sourced from Zacks Investment Research via Quandl.com. Stay informed with the latest Zacks research report on RDNT—FREE.
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The views and opinions expressed herein represent the author’s thoughts and do not necessarily reflect those of Nasdaq, Inc.
