Analyst Ratings for Model N
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 7 Wall Street analysts have provided ratings for Model N (NYSE:MODN), with 3 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is $32.14, with a high of $37.00 and a low of $25.00. This target has decreased by 16.67% from the previous target of $38.57. Analyst ratings are based on company data, financial statements, and insider information, but are subject to human error.

December 13, 2023 | 2:00 pm
News sentiment analysis
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NEUTRAL IMPACT
Model N (NYSE:MODN) has received mixed ratings from analysts, with an average price target of $32.14, which is a decrease from the previous target of $38.57.
The mixed analyst ratings with a majority leaning towards bullish and somewhat bullish positions indicate a cautiously optimistic outlook for Model N. However, the decrease in the average price target could temper expectations and lead to a neutral short-term impact on the stock price. The high relevance is due to the direct mention of the company and its stock ratings. The importance is significant as analyst ratings can influence investor sentiment, but not at the highest level due to the presence of indifferent ratings. The confidence level is high as the information is based on a compilation of analyst opinions and reported price targets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100