13 Analysts Assess Trex Co: What You Need To Know
Portfolio Pulse from Benzinga Insights
13 analysts have recently updated their ratings and price targets for Trex Co (NYSE:TREX), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $101.0, up from $87.08, indicating a potential upside of 15.99%. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their views on the company's market position and financial health. Trex Co, known for its alternative decking products, has shown strong financial performance with a revenue growth rate of 56.52% and a net margin of 23.84%, outperforming industry benchmarks.
May 14, 2024 | 3:01 pm
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Trex Co has received mixed analyst ratings with an updated average price target of $101.0, indicating a potential upside of 15.99%. The company's strong financial performance, including a revenue growth rate of 56.52% and a net margin of 23.84%, positions it favorably in the market.
The positive adjustment in the average price target reflects analysts' optimism about Trex Co's future performance, driven by its strong financial results and market position. The mix of bullish and bearish sentiments among analysts suggests a cautious optimism, but the overall increase in the price target and the company's solid financial health could lead to short-term positive momentum in the stock price.
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