Resideo Technologies Inc: Analyst Insights and Stock Performance
Resideo Technologies Inc (Ticker: REZI) has recently seen its share prices surpass the average 12-month target set by analysts, reaching $23.79 per share. When a stock price hits an analyst’s target, they typically have two responses: adjust their target higher or downgrade the stock. The decision often hinges on recent business developments that have influenced the stock’s rise.
Analyzing Market Reactions
Investors may consider various factors when evaluating analyst targets. Resideo Technologies has three distinct analyst targets contributing to its average, which simplifies the diverse insights from different analysts. While the average target stands at $23.33, it’s important to note that some analysts have lower expectations, setting their targets as low as $21.00, while others are optimistic, projecting a price as high as $25.00. The standard deviation among these targets is $2.081, reflecting a range of opinions.
The analysis of average stock targets taps into the concept of the "wisdom of the crowd". It collates individual opinions to arrive at a comprehensive figure rather than relying solely on single expert evaluations. As REZI surpasses the average target, it sends a message to investors: is this price merely a waypoint leading to higher values, or has the valuation stretched to a point where re-evaluation is needed?
Current Analyst Ratings Breakdown
An overview of recent ratings provides additional insight. Below is a summary of the current sentiments among analysts covering Resideo Technologies:
| Rating Category | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 |
| Buy | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 |
| Average Rating | 2.5 | 2.5 | 2.5 | 2.0 |
The ratings system operates on a scale from 1 to 5, where 1 represents a strong buy and 5 indicates a strong sell. The average rating currently stands at 2.5, suggesting a balanced outlook toward the stock.
Conclusion
By keeping an eye on the latest ratings and market developments concerning Resideo Technologies Inc, investors can make informed decisions. It’s a dynamic environment where staying updated on analyst forecasts and their implications on stock performance is key to maximizing investment opportunities.
