Analyst Expectations for Steel Dynamics's Future
Portfolio Pulse from Benzinga Insights
Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings in the last quarter, with 2 bullish, 2 indifferent, and 1 somewhat bearish. Over the past 3 months, 5 analysts have set a 12-month price target for STLD, averaging $114.6, with a high of $130 and a low of $98. The average price target has risen by 4.42% in the last month. Analyst ratings are based on research and provide guidance to investors, though they reflect opinions and may vary each quarter.
December 12, 2023 | 6:00 pm
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Steel Dynamics has a mixed outlook from analysts, with an average 12-month price target of $114.6, which has increased by 4.42% over the past month.
The increase in the average price target over the past month suggests a positive sentiment among analysts, which could lead to a short-term positive impact on STLD's stock price. However, the presence of indifferent and somewhat bearish ratings indicates that the outlook is not unanimously positive, which tempers the potential impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100