A Closer Look at 5 Analyst Recommendations For Sitio Royalties
Portfolio Pulse from Benzinga Insights
Analysts have mixed ratings for Sitio Royalties (NYSE:STR), with a recent trend of lowering price targets. The average 12-month price target is now $29.6, down from $30.25. Despite positive revenue growth, Sitio faces challenges with profitability and returns.
September 30, 2024 | 6:00 pm
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Sitio Royalties (NYSE:STR) has received mixed analyst ratings, with a recent trend of lowering price targets. The average target is now $29.6, a decrease from $30.25. Despite a 23.51% revenue growth, the company faces challenges with profitability and returns.
The article highlights a trend of analysts lowering their price targets for Sitio Royalties, indicating a bearish sentiment. Despite positive revenue growth, the company's profitability metrics are below industry averages, which could negatively impact investor sentiment and short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100