Expert Ratings for Nordstrom
Portfolio Pulse from Benzinga Insights
Nordstrom (NYSE:JWN) has received mixed analyst ratings in the last quarter, with 0 bullish, 1 somewhat bullish, 5 indifferent, and 2 somewhat bearish ratings. The average 12-month price target among 8 analysts is $16.00, with a high of $19.00 and a low of $13.00. This target is a 10.26% decrease from the previous average of $17.83. Analyst ratings are opinions based on financial analysis and are meant to provide guidance to investors.
November 28, 2023 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nordstrom's stock may face short-term pressure due to a decrease in the average price target by analysts and a predominance of indifferent or somewhat bearish ratings.
The reduction in the average price target suggests analysts have become more bearish on the stock's prospects, which could lead to negative investor sentiment and downward pressure on the stock price in the short term. The predominance of indifferent and somewhat bearish ratings further supports a cautious outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100