Deep Dive Into Adtran Stock: Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Adtran (NASDAQ:ADTN) has received mixed analyst ratings over the past three months, with 2 bullish and 2 indifferent ratings. The average 12-month price target is now $8.25, down 17.5% from the previous $10.00. Analysts Ryan Koontz from Needham and Mike Genovese from Rosenblatt have made recent adjustments to their ratings and price targets. Adtran's financial health shows challenges with a -20.07% revenue decline, a net margin of -26.71%, and an ROE of -9.91%. However, the company has a prudent debt-to-equity ratio of 0.34. Analysts' ratings are based on various factors including future earnings and company updates.
January 17, 2024 | 12:00 pm
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NEGATIVE IMPACT
Adtran has received mixed analyst ratings, with a downward revision in the average price target to $8.25. The company's financial health is challenged by revenue decline and low profitability metrics.
The reduction in the average price target suggests a bearish outlook, which could negatively impact investor sentiment and the stock price in the short term. The financial challenges highlighted by the analysts, including a significant revenue decline and below-average profitability metrics, further support a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100