4 Analysts Have This to Say About Alphatec Holdings
Portfolio Pulse from Benzinga Insights
Alphatec Holdings (NASDAQ:ATEC) received 4 analyst ratings in the last quarter, with 3 being bullish and 1 somewhat bullish. There were no indifferent, somewhat bearish, or bearish ratings. The average 12-month price target among these analysts is $19.75, with a high of $24.00 and a low of $16.00. This target is a 12.88% decrease from the previous target of $22.67. Analyst ratings are updated quarterly and are based on financial analysis and insider information.
November 14, 2023 | 3:00 pm
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NEGATIVE IMPACT
Alphatec Holdings has a positive outlook from analysts with 4 bullish ratings. The average price target is now $19.75, which is lower than the previous target, indicating a potential decrease in stock price.
The reduction in the average price target for ATEC, despite the bullish ratings, suggests that analysts expect the stock to perform worse than previously thought. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100