Where Belden Stands With Analysts
Portfolio Pulse from Benzinga Insights
Belden Inc. (NYSE: BDC) has received positive analyst ratings over the past three months, with all five analysts rating it as 'Buy'. The average 12-month price target has increased by 7.72% to $111.6. Despite a decline in revenue growth, Belden shows strong profitability and effective cost control.
July 05, 2024 | 3:02 pm
News sentiment analysis
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POSITIVE IMPACT
Belden Inc. has received unanimous 'Buy' ratings from five analysts over the past three months. The average 12-month price target has increased by 7.72% to $111.6, indicating positive sentiment. Despite a decline in revenue growth, the company shows strong profitability and effective cost control.
The unanimous 'Buy' ratings and increased price targets indicate strong positive sentiment from analysts. This is likely to boost investor confidence and drive the stock price up in the short term. However, the decline in revenue growth may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100