13 Analysts Have This to Say About Albemarle
Portfolio Pulse from Benzinga Insights
Albemarle (NYSE:ALB) has received mixed analyst ratings in the last quarter, with 1 bullish, 8 somewhat bullish, 2 indifferent, and 2 somewhat bearish ratings. The average 12-month price target for ALB is $204.15, which is a 19.57% decrease from the previous target of $253.83. The high target is $308.00 and the low target is $128.00. Analysts' opinions can provide guidance but are subjective and should be considered as part of broader research.
December 05, 2023 | 2:00 pm
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NEGATIVE IMPACT
Albemarle has a new average analyst price target of $204.15, down from $253.83, with a mix of bullish and bearish sentiments among analysts. The short-term impact on the stock may be neutral to slightly negative due to the lowered price target.
The decrease in the average price target suggests that analysts have become more cautious about Albemarle's future performance, which could lead to a negative perception among investors. However, the presence of bullish and somewhat bullish ratings indicates that the overall sentiment is not entirely negative, which might buffer any potential drop in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100