The Analyst Verdict: Albemarle In The Eyes Of 20 Experts
Portfolio Pulse from Benzinga Insights
20 analysts have recently published ratings on Albemarle (NYSE:ALB), showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 17.93% to $113.25. Analysts have predominantly lowered their ratings and price targets, reflecting concerns over Albemarle's financial performance, including a significant revenue decline and below-industry-average profitability metrics.
August 16, 2024 | 6:00 pm
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20 analysts have recently published ratings on Albemarle, with a notable decrease in the average 12-month price target to $113.25, down 17.93% from the previous average. Analysts have predominantly lowered their ratings and price targets, reflecting concerns over Albemarle's financial performance, including a significant revenue decline and below-industry-average profitability metrics.
The significant reduction in the average 12-month price target and the predominance of lowered ratings indicate a bearish sentiment among analysts. This is driven by Albemarle's recent financial performance, including a substantial revenue decline and below-industry-average profitability metrics, which are likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100