6 Analysts Have This to Say About Agree Realty
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 6 Wall Street analysts have published their opinions on Agree Realty (NYSE:ADC), with 1 bullish, 2 somewhat bullish, and 3 indifferent ratings. The average 12-month price target for ADC is $64.00, with a high of $70.00 and a low of $61.00, representing an 11.72% decrease from the previous target of $72.50. Analysts rate stocks to predict performance and provide guidance to investors.
December 13, 2023 | 3:00 pm
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NEGATIVE IMPACT
Agree Realty (NYSE:ADC) has received mixed ratings from analysts, with an average price target of $64, indicating a potential downside from the previous target.
The new average price target represents a decrease from the previous target, which could lead to a negative short-term impact on the stock price as it adjusts to the revised expectations. The mixed ratings with a majority being indifferent or somewhat bullish suggest a cautious outlook from analysts, which may temper investor enthusiasm.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100