Unveiling 7 Analyst Insights On Grocery Outlet Holding
Portfolio Pulse from Benzinga Insights
Grocery Outlet Holding (NASDAQ:GO) has been analyzed by 7 analysts, showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 23.57% to $21.86, with a high of $31.00 and a low of $17.00. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment. Despite this, Grocery Outlet Holding shows strong financial metrics, including a positive revenue trend and strong profitability indicators.
October 17, 2024 | 2:01 pm
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NEGATIVE IMPACT
Grocery Outlet Holding has seen a decrease in the average 12-month price target by 23.57%, indicating a negative shift in analyst sentiment. Despite this, the company maintains strong financial metrics, including a positive revenue trend and strong profitability indicators.
The decrease in the average price target by 23.57% suggests a negative sentiment from analysts, which could lead to a short-term decline in stock price. However, the company's strong financial metrics, such as positive revenue growth and profitability, may mitigate long-term impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100