Expert Outlook: Agree Realty Through The Eyes Of 12 Analysts
Portfolio Pulse from Benzinga Insights
12 analysts have recently shared mixed evaluations of Agree Realty (NYSE:ADC), with a consensus 12-month price target of $65.79, down from $66.00. The ratings range from bullish to indifferent, with recent actions including both raises and lowers in ratings and price targets by notable firms. Agree Realty, a real estate investment trust, has shown a revenue growth of 23.71% but faces challenges in profitability and efficiency, with below-industry averages in net margin, ROE, and ROA.
March 07, 2024 | 3:00 pm
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Agree Realty has received mixed evaluations from analysts, with a slight decrease in the average 12-month price target to $65.79. The company has demonstrated strong revenue growth but faces challenges in profitability and asset efficiency.
The mixed analyst ratings and slight decrease in the price target suggest uncertainty about Agree Realty's future performance. While the strong revenue growth is a positive sign, the concerns regarding profitability and efficiency could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100