What 5 Analyst Ratings Have To Say About Steel Dynamics
Portfolio Pulse from Benzinga Insights
Steel Dynamics (NASDAQ:STLD) has received three indifferent and two somewhat bearish analyst ratings in the last quarter. The average price target is $97.4, which is lower than the current price of $103.04, implying a downside. The average price target has increased by 2.88% over the past month.
September 08, 2023 | 6:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Steel Dynamics has received mixed analyst ratings, with an average price target lower than its current price, suggesting a potential downside.
Analyst ratings are a significant factor in stock performance. The mixed ratings and lower price target for Steel Dynamics suggest that analysts are not very optimistic about the stock's performance in the near term, which could negatively impact its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100