Analyst Expectations for Fox Factory Hldg's Future
Portfolio Pulse from Benzinga Insights
Fox Factory Hldg (NASDAQ:FOXF) has received 7 analyst ratings in the last quarter, with 5 being bullish and 2 indifferent. The average price target is $105.71, which is significantly higher than the current price of $61.45, suggesting an implied upside. However, this target is a 13.17% decrease from the previous target of $121.75. Analysts typically review stocks each quarter, and their ratings are based on company performance, financial statements, and insider communications.
November 17, 2023 | 8:00 pm
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POSITIVE IMPACT
Analysts have given FOXF a bullish outlook with an average price target of $105.71, indicating a significant potential upside from the current price of $61.45, despite a recent decrease in target price.
The bullish ratings and the high average price target compared to the current stock price suggest a positive short-term impact on FOXF's stock price. The decrease in the average price target may slightly temper expectations, but the overall positive sentiment remains strong, which is likely to encourage investor optimism and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100