Where RBC Bearings Stands With Analysts
Portfolio Pulse from Benzinga Insights
RBC Bearings (NYSE:RBC) has received 4 analyst ratings in the last quarter, with 2 bullish and 2 indifferent, and no bearish ratings. The average 12-month price target for RBC Bearings is $259.0, with a high of $280.00 and a low of $240.00, marking a 5.71% increase from the previous target of $245.00. Analyst ratings are opinions on stock performance based on research and are updated typically once a quarter.
November 29, 2023 | 1:00 pm
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POSITIVE IMPACT
RBC Bearings has a positive outlook from analysts with an updated average price target of $259, reflecting a 5.71% increase from the previous target.
The increase in the average price target and the absence of bearish ratings among analysts suggest a positive sentiment towards RBC Bearings. This optimism may lead to a short-term positive impact on the stock price as market participants often consider analyst ratings and price targets in their investment decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100