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Openlane Inc has a consensus price target of $20.17 based on the ratings of 8 analysts. The high is $25 issued by Barrington Research on September 20, 2024. The low is $16 issued by Stephens & Co. on December 6, 2023. The 3 most-recent analyst ratings were released by Barrington Research on September 20, 2024, August 22, 2024, and August 5, 2024, respectively. With an average price target of $25 between Barrington Research, there's an implied 50.33% upside for Openlane Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Openlane (NYSE:KAR) was reported by Barrington Research on September 20, 2024. The analyst firm set a price target for $25.00 expecting KAR to rise to within 12 months (a possible 50.33% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Openlane (NYSE:KAR) was provided by Barrington Research, and Openlane maintained their outperform rating.
The last upgrade for Openlane Inc happened on April 10, 2024 when B of A Securities raised their price target to $20. B of A Securities previously had an underperform for Openlane Inc.
The last downgrade for Openlane Inc happened on January 9, 2023 when B of A Securities changed their price target from $23 to $17 for Openlane Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Openlane, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Openlane was filed on September 20, 2024 so you should expect the next rating to be made available sometime around September 20, 2025.
While ratings are subjective and will change, the latest Openlane (KAR) rating was a maintained with a price target of $25.00 to $25.00. The current price Openlane (KAR) is trading at is $16.63, which is out of the analyst’s predicted range.
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