What 6 Analyst Ratings Have To Say About CubeSmart
Portfolio Pulse from Benzinga Insights
CubeSmart (NYSE:CUBE), a self-storage REIT, has received mixed analyst ratings over the past quarter with 1 bullish, 1 somewhat bullish, 3 indifferent, and 1 bearish. The average 12-month price target is $45.5, reflecting a 10.44% increase from the previous $41.20. Analysts from Deutsche Bank, Jefferies, Truist Securities, BMO Capital, Wells Fargo, and Evercore ISI Group have adjusted their ratings and price targets. CubeSmart's financials show a positive revenue trend, exceptional net margin, and strong ROA, but a lower ROE and market capitalization compared to industry peers.
January 30, 2024 | 12:00 pm
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POSITIVE IMPACT
CubeSmart has a diverse range of analyst ratings with a new average price target of $45.5, indicating a potential upside. Financial indicators show positive revenue growth, high net margin, and strong ROA, but lower ROE and market cap compared to peers.
The new average price target suggests analysts see potential for stock price appreciation. Positive financial indicators like revenue growth and net margin may attract investors, while lower ROE and market cap could be areas of concern. The mixed analyst ratings indicate varied expectations, but the overall positive price target adjustment and strong financial performance metrics are likely to have a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100