In-Depth Examination Of 4 Analyst Recommendations For Cable One
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Cable One (NYSE:CABO), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $714.00, a 16.33% decrease from the previous $853.33. Analysts from Keybanc and Wells Fargo have adjusted their price targets, reflecting changes in market dynamics and company performance. Cable One's financial performance shows a decline in revenue growth by -3.22% for the last quarter of 2023, but it maintains a strong net margin of 28.0% and an impressive ROE of 6.27%.
April 04, 2024 | 5:00 pm
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NEUTRAL IMPACT
Cable One's mixed analyst ratings and revised price targets reflect varying market perceptions. Despite a revenue decline, its strong profitability metrics like net margin and ROE could reassure investors.
The mixed analyst ratings and the decrease in the average price target could lead to short-term uncertainty in Cable One's stock price. However, the company's strong profitability metrics, such as a high net margin and ROE, may counterbalance the negative impact of the revenue decline, leading to a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100