The Analyst Response
The recent surge in Verra Mobility Corp’s (Symbol: VRRM) stock price to $24.21/share has breached the average analyst 12-month target of $24.20. This milestone opens up a Pandora’s box for the analysts who now face the decision whether to lower their valuation or elevate their target price in response to the company’s promising trajectory.
Analyst Divergence
Within the Zacks coverage universe, there are 5 distinct analyst targets contributing to the $24.20 average. However, this average is not gospel truth; variations exist with some analysts setting lower targets at $21.00 while others envision a lofty $27.00 summit. The standard deviation stands at $2.588, reflecting the dispersion in opinions.
The Wisdom of Crowds
Delving into the VRRM price target average allows investors to tap into a collective wisdom rather than relying on a sole expert’s perspective. As the stock surpasses the $24.20 threshold, shareholders are prompted to reevaluate their investment by pondering if this is merely a pit stop on the path to a greater target or if it’s time to secure profits.
| Recent VRRM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 4 | 4 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.67 | 1.67 | 1.67 | 1.67 |
The average rating signifying Strong Buy to Strong Sell falls at 1.67, guiding investors towards informed decisions. Data derived from Zacks Investment Research via Quandl.com adds nuance to the analysis of Verra Mobility Corp.
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The musings shared herein represent the author’s perspective and do not necessarily mirror those of Nasdaq, Inc.
