Where Kroger Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the last quarter, Kroger (NYSE:KR) received 7 ratings from analysts, with 4 being somewhat bullish, 3 indifferent, and none bearish. The 12-month price target average for Kroger is $52.57, which is a 5.14% increase from the previous target of $50.00. The high target is $55.00 and the low is $46.00. Analysts' ratings are based on financial statements, company calls, and insider information, and are used to guide investors on stock performance.
December 01, 2023 | 5:00 pm
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POSITIVE IMPACT
Kroger received a positive outlook from analysts with an increased average 12-month price target of $52.57, suggesting a bullish sentiment in the short term.
The increase in the average price target and the absence of bearish ratings among analysts suggest a positive sentiment towards Kroger's stock. This could lead to a short-term increase in the stock price as market participants often consider analyst ratings and price targets when making investment decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100