Where Adtran Stands With Analysts
Portfolio Pulse from Benzinga Insights
Adtran (NASDAQ:ADTN) has received mostly bullish ratings from analysts in the last quarter, with an average 12-month price target of $15.0, down 36.44% from the previous average of $23.60.
June 09, 2023 | 2:02 pm
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Adtran has received mostly bullish ratings from analysts, with an average 12-month price target of $15.0, down 36.44% from the previous average of $23.60.
The majority of analysts have given Adtran bullish ratings, indicating a positive outlook for the stock. However, the decrease in the average 12-month price target suggests that analysts have lowered their expectations for the stock's performance. This could still have a positive impact on the stock price in the short term, as the overall sentiment remains bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100