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Wabtec Stock Strikes Analyst Bullseye

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Analyst Response Dynamics

Wabtec Corp (Symbol: WAB) has recently surged past the average analyst 12-month target price of $145.90, trading for $145.93/share. When a stock hits the mark set by an analyst, there are typically two paths for the analyst to take: either reassess and boost the target, or downgrade the stock based on valuation. The response of analysts might also hinge on fundamental business developments impacting the stock’s upward trajectory.

Analyst Target Diversity

There are 10 distinct analyst targets within the Zacks coverage universe that contribute to the average for Wabtec Corp. However, the average is merely a numerical mean. Some analysts hold targets below the average, with one eyeing a price of $121.00, while another projects a target as high as $160.00. The standard deviation stands at $13.955.

Wisdom of the Crowd

The essence of considering the average WAB price target lies in tapping into the collective intelligence effort, consolidating the inputs of all contributing analysts rather than relying on a single expert’s opinion. With WAB surpassing the $145.90/share average target price, investors are prompted to reassess the company independently. Is $145.90 only a milestone towards an even loftier target, or has the valuation become overextended, warranting a prudent move to secure profits? Below is a breakdown of the current analyst sentiment covering Wabtec Corp:

Recent WAB Analyst Ratings Breakdown
Β» Current 1 Month Ago 2 Months Ago 3 Months Ago
Strong buy ratings: 6 6 6 4
Buy ratings: 1 1 1 0
Hold ratings: 3 3 2 4
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.65 1.65 1.5 2.0

The average rating displayed in the last row of the table ranges from 1 to 5, where 1 signifies Strong Buy and 5 denotes Strong Sell. This article leverages data from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on WAB for free.

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The expressed views and opinions herein belong to the author and may not necessarily mirror those of Nasdaq, Inc.

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