Expert Ratings for Plug Power
Within the last quarter, Plug Power (NASDAQ:PLUG) has observed the following analyst ratings:
|Last 30 Days||1 Month Ago||2 Months Ago||3 Months Ago|
12 analysts offering 12-month price targets in the last 3 months for Plug Power evaluate the company at an average price target of $47.67 with a high of $75.00 and a low of $24.00.
This current average represents a 12.69% increase from the previous average price target of $54.6.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may suggest actions like "buy", "sell", "hold", or similar verbage for each stock based on research compiled from the corresponding company. Analysts who suggest "buy" are telling traders to purchase the stock based on forecasted growth. On the flip side, analysts who suggest "sell" are telling traders to dump the stock because of a similarly forecasted decline. Analysts who suggest "hold" are telling investors that they see short-term or mid-term stagnation and to maintain their positions on the stock.
See also: How to Buy Plug Power (PLUG) Stock
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.