Expert Ratings for Methanex
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 8 Wall Street analysts have provided ratings for Methanex (NASDAQ:MEOH), with an average price target of $48.38, representing an upside from the current price of $42.69. The consensus among these analysts is leaning towards a neutral stance, with 3 somewhat bullish and 5 indifferent ratings. The current average price target has increased by 3.49% from the previous target of $46.75. Analysts typically review stocks quarterly or after major company updates, basing their predictions on financial performance and business predictability.
December 01, 2023 | 5:00 pm
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Analysts have a neutral to somewhat bullish outlook on Methanex with a higher average price target than the current stock price, suggesting potential upside.
The average price target provided by analysts is higher than the current stock price, which typically indicates an expectation of the stock's future appreciation. The increase in the average price target and the majority of neutral to somewhat bullish ratings suggest a positive sentiment among analysts, which could influence investor perception and potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100