Analyst Ratings for Agree Realty
Portfolio Pulse from Benzinga Insights
Over the last quarter, Agree Realty (NYSE:ADC) received a mix of analyst ratings, with 1 bullish, 2 somewhat bullish, and 1 indifferent, but no bearish ratings. The average 12-month price target for ADC is $64.75, with a high of $70.00 and a low of $62.00. This target has decreased by 12.89% from the previous average of $74.33. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after major company events.
November 27, 2023 | 5:00 pm
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Agree Realty has a mixed set of analyst ratings with a downward revision in the average price target to $64.75, indicating a cautious outlook from analysts.
The mixed analyst ratings with a majority leaning towards bullish and somewhat bullish suggest a generally positive sentiment, but the decrease in the average price target may temper short-term expectations. The lack of bearish ratings indicates no strong negative sentiment, which could mean the stock will remain relatively stable in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100