What 4 Analyst Ratings Have To Say About Annaly Capital Management
Portfolio Pulse from Benzinga Insights
Over the last three months, Annaly Capital Management (NYSE:NLY) received 4 analyst ratings with an average price target of $20.62, representing an upside from the current price of $18.46. The consensus among the analysts is leaning towards a bullish outlook, with 1 bullish, 2 somewhat bullish, and 1 indifferent rating. The current average price target reflects a 3.1% increase from the previous target of $20.00.
December 13, 2023 | 4:00 pm
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POSITIVE IMPACT
Analysts have set a higher average price target for Annaly Capital Management at $20.62, up from $20.00, indicating a positive sentiment towards NLY stock.
The increase in the average price target and the majority of analysts giving bullish or somewhat bullish ratings suggest a positive short-term impact on NLY's stock price. Analyst ratings can influence market perception and investor behavior, potentially driving the price towards the target. However, as analyst ratings are opinions, the actual impact may vary based on market conditions and company performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100