The Latest Analyst Ratings for Vale
Portfolio Pulse from Benzinga Insights
Over the last 3 months, 6 Wall Street analysts have provided ratings for Vale (NYSE:VALE), with an average 12-month price target of $17.42, a high of $20.00, and a low of $15.00. The current average price target represents a 19.73% increase from the previous target of $14.55. The ratings include 2 bullish, 3 somewhat bullish, and 1 indifferent. No bearish ratings were reported. Analysts typically review stocks quarterly or after major company updates, using financial analysis and insider information to predict stock performance.
December 06, 2023 | 2:01 pm
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POSITIVE IMPACT
Vale's stock has received positive ratings from analysts, with an average price target increase to $17.42, suggesting a bullish outlook for the short term.
The increase in the average price target for Vale's stock and the predominance of bullish and somewhat bullish ratings indicate a positive sentiment among analysts, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100