7 Analysts Have This to Say About Foot Locker
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 7 Wall Street analysts have provided ratings for Foot Locker (NYSE:FL), with an average price target of $18.29, which is below the current price of $22.4, indicating a potential downside. The consensus among these analysts appears to be negative, with 3 bearish, 1 somewhat bearish, and 3 indifferent ratings. The current average price target represents a significant decrease of 34.68% from the previous average price target of $28.00.
November 27, 2023 | 12:00 pm
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NEGATIVE IMPACT
Analysts have a negative outlook on Foot Locker with a lower average price target of $18.29 compared to the current price of $22.4, suggesting a potential downside.
The average price target from analysts suggests a downside from the current stock price, which typically leads to negative sentiment among investors and could result in a short-term decline in the stock price. The significant decrease in the average price target from $28.00 to $18.29 also reflects a bearish outlook, which may further impact investor confidence.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100