The Latest Analyst Ratings for i3 Verticals
Portfolio Pulse from Benzinga Insights
i3 Verticals (NASDAQ:IIIV) has received 6 analyst ratings in the last quarter, with 4 somewhat bullish and 2 indifferent. The average 12-month price target is $26.0, with a high of $32.00 and a low of $23.00. This target has decreased by 3.7% from the previous average of $27.00. Analysts rate stocks based on future earnings potential and company risk profile, typically updating their ratings quarterly or after major company events.
December 05, 2023 | 12:00 pm
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i3 Verticals has a somewhat bullish outlook from analysts with 4 somewhat bullish and 2 indifferent ratings. The average price target is now $26.0, down from $27.00, indicating a potential decrease in investor confidence.
The decrease in the average price target suggests that analysts have slightly lowered their expectations for i3 Verticals' financial performance or growth prospects. This could lead to a short-term negative impact on the stock price as the market adjusts to the new analyst consensus.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100