Vornado Realty Trust Surpasses Analyst Price Target: What’s Next?
In recent trading, shares of Vornado Realty Trust (Symbol: VNO) exceeded the average analyst 12-month target price of $38.54, currently trading at $39.75 per share. When a stock hits an analyst’s target, the analyst typically has two options: downgrade on valuation or raise their target price. The analyst’s decision may also be influenced by fundamental business developments that could be contributing to the rise in stock price. If the company’s outlook is improving, it may warrant a higher target price adjustment.
There are 13 different analyst targets within the Zacks coverage universe that contribute to Vornado Realty Trust’s average. While the average represents a collective consensus, it’s important to note the range of individual targets. Some analysts have set lower targets, with one predicting a price of $26.00, while another targets as high as $48.00. The standard deviation among these ratings stands at $7.731.
The purpose of examining the average VNO price target is to leverage the “wisdom of crowds.” This concept aggregates the insights of multiple analysts rather than relying on a single expert’s opinion. With VNO trading above the average target price of $38.54 per share, investors have a useful signal to evaluate the company’s position. They must consider whether this price point is merely a waypoint towards a higher target or if the valuation has become too stretched, prompting a reevaluation of their holdings. Below is a table summarizing the current ratings of Vornado Realty Trust analysts:
| Recent VNO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 3 | 2 | 2 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 6 | 6 | 7 | 7 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 4 | 4 | 4 | 4 |
| Average rating: | 3.15 | 3.15 | 3.31 | 3.31 |
The average rating listed above ranges from 1 to 5, with 1 indicating a Strong Buy and 5 representing a Strong Sell. This article utilized data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on VNO — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
