Price Targets
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Along with giving buy, sell, or hold ratings on the stocks they cover, Wall Street analysts also provide investors with a price target. In the S&P 500, the average stock is currently trading 13% below its consensus analyst price target (the average price target across all analysts covering the stock).
Today we wanted to show you the stocks in the S&P that are currently trading the farthest below their consensus analyst price targets. As shown below, SolarEdge (SEDG) is at the top of the list with a price target that's 96% above its current price. SEDG is a stock that's down nearly 60% from its highs earlier this year, so analysts have stuck with their price targets rather than lowering them as the stock has fallen.
Other names on the list include widely followed stocks like Warner Bros Discovery (WBD), Etsy (ETSY), Moderna (MRNA), Delta (DAL), General Motors (GM), and of course, Nvidia (NVDA). Remarkably, even though NVDA is up nearly 200% year-to-date, analysts still think the stock has a 48.9% upside from here based on their consensus price targets. Talk about excessive bullishness!
At the bottom of the table, we also show the dozen or so stocks that are actually trading above their consensus price targets. At the top of the list are Expeditors International (EXPD) and IBM, which are both trading more than 7% above where analysts think they should be trading.
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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...
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