Welltower Inc. Surpasses Analyst Price Target: What’s Next?
In recent trading, shares of Welltower Inc (Symbol: WELL) surpassed the average 12-month analyst target price of $135.89, currently changing hands for $136.02 per share. When a stock meets an analyst’s set target, two logical responses emerge: a downgrade due to valuation concerns or an adjustment of the target price upward. Analyst reactions may also hinge on recent business developments that influence the stock’s rise—if the company looks promising, a price increase in the target could be warranted.
The average price target for Welltower Inc comes from 18 different analyst predictions within the Zacks coverage universe. However, it’s essential to note that averages serve as a simple mathematical mean. For instance, one analyst has set a lower target of $111.00, while another foresees a high target of $190.00, indicating a standard deviation of $17.364.
Investors often consider the average WELL target to gauge collective market sentiment. With WELL trading above $135.89/share, it prompts investors to evaluate the company further: is this just an interim price on the way to a higher target, or has the valuation to become overextended, suggesting a possible time to sell? The table below outlines current analyst perspectives on Welltower Inc:
| Recent WELL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 11 | 11 | 12 | 12 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 7 | 7 | 6 | 6 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.76 | 1.76 | 1.66 | 1.66 |
The average rating shown in the table uses a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. Data for this article is sourced from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Nasdaq, Inc.
