What 4 Analyst Ratings Have To Say About QuinStreet
Portfolio Pulse from Benzinga Insights
QuinStreet (NASDAQ:QNST) has received mixed analyst ratings in the last three months, with a recent shift towards a more bullish outlook. Four analysts have provided ratings, with the latest 12-month price target averaging $18.12, indicating a 13.25% increase from the previous target. The company faces financial challenges, including a -8.48% revenue decline and a net margin of -9.42%, but maintains a strong market capitalization and ROE. Analysts' adjustments reflect changing market conditions and company performance.
April 19, 2024 | 8:00 pm
News sentiment analysis
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POSITIVE IMPACT
QuinStreet has seen a positive shift in analyst sentiment, with an updated average 12-month price target of $18.12, reflecting optimism about the stock's future performance despite recent financial challenges.
The recent analyst ratings and adjustments to QuinStreet's price targets suggest a more optimistic outlook on the company's stock, likely due to its strong market capitalization and ROE, despite facing revenue and net margin challenges. The shift towards bullish ratings and the increase in the average price target indicate analysts' confidence in the company's potential for recovery and growth, which could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100