Shares of Tanger Inc (Symbol: SKT) have surpassed the average analyst 12-month target price of $36.82, currently trading at $37.62 as of recent trading sessions. Analysts may respond to this price movement by either downgrading their valuation or adjusting their target price higher, influenced by the company’s recent business developments.
There are 11 analysts covering Tanger Inc, with price targets ranging from $34.00 to $40.00, and a standard deviation of $1.887. Currently, the ratings show 5 “Strong Buy” recommendations, 8 “Hold” ratings, and no “Sell” ratings, maintaining an average rating of 2.23 on a scale where 1 is “Strong Buy” and 5 is “Strong Sell.”
This pricing milestone prompts investors to consider whether the target of $36.82 is a stepping stone to higher valuations or a signal to reassess their positions in the stock.
