What 17 Analyst Ratings Have To Say About Albemarle
Portfolio Pulse from Benzinga Insights
Albemarle (NYSE:ALB), a leading lithium producer, has been analyzed by 17 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $141.29, down from $158.47, with actions ranging from rating raises to lowers. Albemarle's financial overview indicates challenges with a -10.1% revenue growth, a net margin of -26.22%, and an ROE of -6.4%, suggesting potential short-term stock pressure.
April 10, 2024 | 12:00 pm
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NEGATIVE IMPACT
Albemarle's mixed analyst ratings and lowered average price target suggest potential short-term pressure on its stock. Financial challenges, including negative revenue growth and below-average profitability metrics, could impact investor sentiment.
The diverse analyst ratings, with a significant drop in the average price target, indicate uncertainty and potential concern about Albemarle's future performance. The financial overview, highlighting negative revenue growth and poor profitability metrics, further supports the likelihood of short-term stock pressure. These factors combined suggest a negative short-term impact on ALB's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100