Expert Ratings for Transocean
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 5 Wall Street analysts have published their ratings on Transocean (NYSE:RIG), with 2 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target for RIG is $9.4, with a high of $12.00 and a low of $7.50, marking a 6.46% increase from the previous target of $8.83. Analysts' ratings are based on research, financial statements, and insider information, and are updated typically once a quarter.
November 28, 2023 | 5:00 pm
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Transocean received mixed analyst ratings with an average 12-month price target of $9.4, reflecting a 6.46% increase from the previous target. The ratings suggest a cautiously optimistic outlook from analysts.
The increase in the average price target and the predominance of bullish to somewhat bullish ratings over the past 3 months indicate a positive sentiment among analysts, which could lead to a short-term positive impact on RIG's stock price. However, the presence of indifferent ratings and the nature of analyst ratings being opinions rather than guarantees moderate the potential impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100