Viper Energy Inc (VNOM) Surpasses Analyst Price Target: What’s Next?
In recent trading, shares of Viper Energy Inc (Symbol: VNOM) have crossed above the average analyst 12-month target price of $52.91, changing hands for $53.23/share. When a stock hits an analyst’s target, two reactions can typically follow: a potential downgrade on valuation or an adjustment of the target price upwards. Analysts’ reactions may also hinge on the actual performance of the company, which could justify raising the target if indicators are positive.
There are 11 analyst targets included in the Zacks coverage universe for Viper Energy Inc. While the average target provides a useful perspective, it is simply a mathematical mean. Some analysts maintain lower targets, with one suggesting a price of $38.00, while another has set a much higher target of $64.00. The standard deviation among these targets is $8.275.
The purpose of examining the average VNOM price target is to aggregate diverse opinions from multiple analysts, creating a “wisdom of crowds” effect rather than relying solely on one expert’s view. With VNOM trading above the average target price of $52.91/share, investors may find it prudent to reassess the company’s performance. They now face a decision: is $52.91 merely a waypoint on the route to a loftier target, or have valuations become stretched to the point where it’s wise to consider cashing out some of their investments? Below is a table presenting the current thoughts of analysts covering Viper Energy Inc:
| Recent VNOM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 8 | 8 | 8 | 8 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 1 | 1 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.36 | 1.36 | 1.5 | 1.5 |
The average rating in the table above ranges from 1 to 5, with 1 representing Strong Buy and 5 indicating Strong Sell. Data for this analysis was provided by Zacks Investment Research via Quandl.com. For more insights, check out the latest Zacks research report on VNOM — available for free.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
