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Openlane

KARNYSE
Logo brought to you by Benzinga Data
$16.97
0.42.41%
Last update: 11:24 AM
15 minutes delayed
Consensus Rating1
Neutral
Highest Price Target1
$25.00
Lowest Price Target1
$16.00
Consensus Price Target1
$20.17

Openlane (NYSE:KAR) Stock, Analyst Ratings, Price Targets, Forecasts

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 August 22, 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 August 22, 2024, August 5, 2024, and May 2, 2024, respectively. With an average price target of $25 between Barrington Research, there's an implied 47.32% upside for Openlane Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Apr
2
May
2
Aug
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.3
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Barrington Research
Baird
B of A Securities
Stephens & Co.
JP Morgan

1calculated from analyst ratings

Analyst Ratings for Openlane

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Openlane (KAR) stock?

A

The latest price target for Openlane (NYSE:KAR) was reported by Barrington Research on August 22, 2024. The analyst firm set a price target for $25.00 expecting KAR to rise to within 12 months (a possible 47.32% upside). 9 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Openlane (KAR)?

A

The latest analyst rating for Openlane (NYSE:KAR) was provided by Barrington Research, and Openlane maintained their outperform rating.

Q

When was the last upgrade for Openlane (KAR)?

A

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.

Q

When was the last downgrade for Openlane (KAR)?

A

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.

Q

When is the next analyst rating going to be posted or updated for Openlane (KAR)?

A

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 August 22, 2024 so you should expect the next rating to be made available sometime around August 22, 2025.

Q

Is the Analyst Rating Openlane (KAR) correct?

A

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 $16.97, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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