Turning Point Brands Inc (TPB) shares recently traded at $81.00, surpassing the average 12-month analyst target price of $75.00. This price action prompts questions regarding potential analyst reactions, such as downgrades or upward adjustments in target prices.
Five analysts contribute to the consensus, with predictions ranging from a low target of $65.00 to a high of $85.00, reflecting a standard deviation of $10.0. Currently, TPB maintains four ‘Strong Buy’ ratings with an average rating score of 1.0, indicating strong investor confidence.
The data used for this analysis was provided by Zacks Investment Research via Quandl.com, highlighting the importance of investor assessment as the stock exceeds the average analyst target.
