Analyst Expectations for Brown & Brown's Future
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings for Brown & Brown (NYSE:BRO), with 5 analysts offering an average price target of $80.4, representing an upside from the current price of $75.09. The new average price target reflects a 2.42% increase from the previous target of $78.50. Over the past three months, Brown & Brown has received 2 bullish, 1 somewhat bullish, and 2 indifferent ratings, with no bearish or somewhat bearish ratings.
December 12, 2023 | 4:00 pm
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POSITIVE IMPACT
Brown & Brown has an updated average analyst price target of $80.4, indicating a potential upside from its current price. Analyst sentiment appears positive with more bullish and somewhat bullish ratings than indifferent, and no bearish ratings.
The updated average price target suggests that analysts are optimistic about Brown & Brown's future performance. The absence of bearish ratings and the presence of more bullish ratings contribute to a positive short-term impact on the stock. The increase in the average price target also reflects growing confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100