Shares of TIM S.A. (Symbol: TIMB) recently traded at $18.83, surpassing the average 12-month analyst target price of $18.30. This price movement raises the question of whether analysts will adjust their targets or downgrade based on valuation.
There are five analysts covering TIMB, with target prices ranging from $16.90 to $20.00; the standard deviation of these targets is $1.246. As of now, TIMB holds three strong buy ratings and four hold ratings, maintaining an average rating of 2.14 on a scale where 1 is strong buy and 5 is strong sell.
This data is based on Zacks Investment Research and highlights the ongoing assessment of TIMB’s valuation in the market.
