Zions Bancorporation (ZION) Surpasses Analyst Target Price: What’s Next?
Recently, Zions Bancorporation, N.A. (Symbol: ZION) saw its shares rise above the average analyst 12-month target price of $51.92, trading at $52.50 per share. When a stock hits an analyst’s target, they may react in two ways: either downgrade their evaluation or raise their target price. Analysts’ responses can also depend on recent business developments that may point to continued growth for the company.
Analyst Targets: A Range of Perspectives
A total of 20 analysts contributing to ZIONS’ target price reveals a range of opinions. While the average target sits at $51.92, some analysts predict lower prices, such as $47.00, whereas others set the bar higher at $56.00. The standard deviation among these estimates is $2.418, indicating varying levels of optimism.
The Value of Collective Insight
The average price target for ZION represents the collective opinions of multiple analysts rather than a single viewpoint. As ZION exceeds the $51.92 target, this development prompts investors to consider whether this price mark is merely a stepping stone to an even higher valuation or a signal to evaluate their positions. A detailed breakdown of current analyst opinions on Zions Bancorporation, N.A. is shown in the table below:
| Recent ZION Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 2 | 2 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 19 | 19 | 18 | 17 |
| Sell ratings: | 1 | 2 | 2 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 2 |
| Average rating: | 2.96 | 2.99 | 2.99 | 2.93 |
The average rating is based on a scale from 1 to 5, where 1 indicates a “Strong Buy” and 5 reflects a “Strong Sell.” This analysis draws from data provided by Zacks Investment Research through Quandl.com. For further details, access the latest Zacks report on ZION for free.
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Additional Resources:
• CLOV Average Annual Return
• Walgreens Boots Alliance Historical PE Ratio
• ARTV Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
