What 7 Analyst Ratings Have To Say About Mid-America Apartment
Portfolio Pulse from Benzinga Insights
Mid-America Apartment (NYSE:MAA) received 7 analyst ratings in the last quarter with 1 bullish, 5 indifferent, and 1 somewhat bearish. The average price target is $137.5, representing an implied upside from the current price of $122.22. This target has decreased by 13.18% from the previous target of $158.38. Analysts rate stocks typically once a quarter and provide insights such as earnings, revenue, and growth estimates.
November 28, 2023 | 7:00 pm
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POSITIVE IMPACT
Mid-America Apartment has an average analyst price target of $137.5, which is higher than the current price of $122.22, but the target has been reduced by 13.18% from the previous $158.38.
The average price target suggests analysts see potential upside for MAA, which could lead to a positive short-term impact on the stock price. However, the reduction in the target price indicates a tempered expectation, which may limit the upside. The mixed ratings with a majority being indifferent also suggest that there may not be a strong consensus on the stock's growth prospects, which could lead to moderate investor reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100