What 9 Analyst Ratings Have To Say About Transocean
Portfolio Pulse from Benzinga Insights
Transocean (NYSE:RIG) has received 5 bullish and 4 indifferent analyst ratings in the last quarter. The average 12-month price target for the company, according to 9 analysts, is $10.06, with a high of $12.00 and a low of $7.00. This average price target has increased by 31.16% over the past month.
October 17, 2023 | 3:00 pm
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POSITIVE IMPACT
Transocean has received mostly bullish analyst ratings, which could positively impact its stock price. The increase in the average price target suggests growing optimism about the company's prospects.
Analyst ratings often influence investor sentiment and can impact a company's stock price. In this case, the majority of ratings for Transocean are bullish, indicating a positive outlook. Additionally, the increase in the average price target over the past month suggests that analysts are becoming more optimistic about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100