Analyst Expectations for JM Smucker's Future
Portfolio Pulse from Benzinga Insights
Analysts have recently rated JM Smucker (NYSE:SJM) with 1 somewhat bullish and 8 indifferent ratings, with an average price target of $142.22, which is a potential upside from the current price of $110.43. This target has decreased by 7.39% from the previous target of $153.57. Analysts' ratings are based on predictions of a company's future earnings and revenue, and are updated quarterly or after major company events.
November 14, 2023 | 3:00 pm
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JM Smucker has received mostly indifferent ratings from analysts, with a somewhat bullish outlook from one analyst. The average price target suggests a significant upside from the current price, but has been reduced from previous estimates.
The average price target provided by analysts suggests a bullish sentiment towards JM Smucker's stock in the short term, despite the decrease in the target price. The lack of bearish ratings indicates that there is no strong negative sentiment currently. However, the reduction in the price target and the predominance of indifferent ratings may temper investor expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100