The Latest Analyst Ratings For Dycom Industries
Portfolio Pulse from Benzinga Insights
In the last three months, 5 analysts have published ratings on Dycom Industries (NYSE:DY), with a mix of bullish and somewhat bullish sentiments. Analysts have raised their 12-month price targets, with the current average target at $166.0, up 17.73% from the previous $141.00. Key analysts from Wells Fargo, Keybanc, and B. Riley Securities have all raised their price targets, reflecting positive sentiment towards the company's financial performance.
May 20, 2024 | 4:00 pm
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POSITIVE IMPACT
Analysts have shown increased bullish sentiment towards Dycom Industries, raising their 12-month price targets. The current average target is $166.0, reflecting a 17.73% increase from the previous average. This positive shift indicates confidence in Dycom's financial performance and future prospects.
The increase in price targets by multiple analysts and the overall bullish sentiment suggest a positive outlook for Dycom Industries. This is likely to drive short-term stock price appreciation as investors react to the upgraded targets and positive analyst evaluations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100