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Hanesbrands Inc has a consensus price target of $7.1 based on the ratings of 10 analysts. The high is $14 issued by B. Riley Securities on August 12, 2022. The low is $5 issued by Wedbush on June 6, 2024. The 3 most-recent analyst ratings were released by UBS, Stifel, and Barclays on August 27, 2024, August 12, 2024, and August 12, 2024, respectively. With an average price target of $6.17 between UBS, Stifel, and Barclays, there's an implied -14.23% downside for Hanesbrands Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Hanesbrands (NYSE:HBI) was reported by UBS on August 27, 2024. The analyst firm set a price target for $6.50 expecting HBI to fall to within 12 months (a possible -9.60% downside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Hanesbrands (NYSE:HBI) was provided by UBS, and Hanesbrands maintained their neutral rating.
There is no last upgrade for Hanesbrands
The last downgrade for Hanesbrands Inc happened on November 10, 2022 when Credit Suisse changed their price target from $10 to $7 for Hanesbrands Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Hanesbrands, 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 Hanesbrands was filed on August 27, 2024 so you should expect the next rating to be made available sometime around August 27, 2025.
While ratings are subjective and will change, the latest Hanesbrands (HBI) rating was a maintained with a price target of $5.00 to $6.50. The current price Hanesbrands (HBI) is trading at is $7.19, which is out of the analyst’s predicted range.
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