The Latest Analyst Ratings for Alcon
Portfolio Pulse from Benzinga Insights
Analysts have provided bullish ratings for Alcon (NYSE:ALC) with 4 analysts rating the stock as bullish in the last quarter. The average price target given is $94.25, which is significantly higher than the current price of $70.39, suggesting an upside. The current average price target has seen a slight increase from the previous target of $94.00. Analyst ratings are determined by financial specialists who research company financials and communicate with insiders, and these ratings are updated typically once a quarter.
November 16, 2023 | 12:00 pm
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Alcon has received a unanimous bullish rating from 4 analysts with an average price target of $94.25, suggesting a significant upside from the current price of $70.39.
The unanimous bullish rating from analysts and the higher price target compared to the current stock price suggest a positive outlook for Alcon's stock in the short term. The slight increase in the average price target reinforces the positive sentiment. However, as analyst ratings are subject to human error and are not guarantees of performance, the confidence level is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100