Xerox Stock Surpasses Analyst Target: What Investors Should Consider Next
In recent trading, shares of Xerox Holdings Corp (Symbol: XRX) have crossed above the average analyst 12-month target price of $9.83, changing hands for $9.84/share. When a stock reaches a target set by analysts, there are generally two common reactions: they may downgrade the stock based on valuation, or they might raise their target price in response to favorable business developments driving the increase in stock price.
Within the Zacks coverage universe, analysts hold three different target prices for Xerox Holdings Corp. It’s essential to note that these targets represent a mathematical average. While some analysts predict a conservative price of $8.00, others suggest a more optimistic target as high as $11.00. The standard deviation among these forecasts stands at $1.607, indicating variability in expectancies.
Evaluating the average target price allows investors to leverage a collective “wisdom of crowds” approach, combining insights from numerous analysts rather than relying on a single expert’s opinion. With XRX currently above the average target price of $9.83/share, investors are now prompted to rethink their strategies: is $9.83 merely a stepping stone toward higher valuations, or has the stock’s value peaked, suggesting it’s time to sell? Below is a breakdown of current analyst ratings for Xerox Holdings Corp:
| Recent XRX Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 2 | 2 | 3 | 3 |
| Average rating: | 4.33 | 4.33 | 4.33 | 4.33 |
The average rating shown reflects a scale of 1 to 5, where 1 signifies Strong Buy and 5 denotes Strong Sell. This article utilized data provided by Zacks Investment Research via Quandl.com. For further insights, refer to the latest Zacks research report on XRX — available at no cost.
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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.
