Analyst Expectations for Designer Brands's Future
Portfolio Pulse from Benzinga Insights
Analysts have maintained an indifferent stance on Designer Brands (NYSE:DBI) with 5 neutral ratings in the last quarter. The average price target is $11.4, representing an upside from the current price of $10.76. This target has increased by 34.12% from the previous target of $8.50. Analysts determine ratings by forecasting a company's future earnings and stability.
November 28, 2023 | 12:00 pm
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Analysts have given Designer Brands an average price target of $11.4, up 34.12% from the previous target, with a neutral outlook based on 5 indifferent ratings.
The increase in the average price target suggests analysts see some upside potential for Designer Brands, despite the overall neutral sentiment. The lack of bullish or bearish ratings indicates that the stock may not experience significant volatility, but the raised target price could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100