Analyst Expectations For Citi Trends's Future
Portfolio Pulse from Benzinga Insights
Citi Trends (NASDAQ:CTRN) has been analyzed by four analysts, showing a mix of bullish and indifferent sentiments. The average 12-month price target has decreased by 21.67% to $23.5. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment. Despite this, Citi Trends has shown a positive revenue growth rate of 3.67% and strong financial metrics compared to industry averages.
August 28, 2024 | 4:00 pm
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NEGATIVE IMPACT
Citi Trends has experienced a negative shift in analyst sentiment, with a 21.67% decrease in the average price target. Despite this, the company has shown a positive revenue growth rate of 3.67% and strong financial metrics compared to industry averages.
The decrease in the average price target by 21.67% indicates a negative shift in analyst sentiment, which could lead to a short-term decline in stock price. However, the company's positive revenue growth and strong financial metrics may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100