Where AECOM Stands With Analysts
Portfolio Pulse from Benzinga Insights
AECOM (NYSE:ACM) has received mixed analyst ratings over the past three months, with a recent shift towards a more bullish outlook. The average 12-month price target has been raised to $104.4, indicating a 9.89% increase from the previous target. Analysts from firms like Truist Securities, Barclays, RBC Capital, Baird, and Keybanc have adjusted their ratings and price targets, reflecting changes in market conditions and AECOM's performance. AECOM, a global provider of design, engineering, and construction services, has shown strong revenue growth and market capitalization, despite challenges in net margin and asset utilization.
March 14, 2024 | 4:01 pm
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POSITIVE IMPACT
AECOM has received increasingly positive analyst ratings, with a significant upward revision in the 12-month price target to $104.4, reflecting a bullish outlook on the company's future performance.
The shift towards a more bullish outlook by analysts, as evidenced by the increase in the average 12-month price target and positive adjustments in ratings, suggests a strong short-term potential for AECOM's stock price. This is further supported by AECOM's strong revenue growth and market position, despite some financial challenges. The consensus among analysts indicates a positive sentiment towards the company's future, likely influencing investor confidence and potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100