Comtech Telecommunications Corp has a consensus price target of $12.81 based on the ratings of 4 analysts. The high is $18.25 issued by B. Riley Securities on December 15, 2023. The low is $10 issued by Jefferies on June 15, 2022. The 3 most-recent analyst ratings were released by B. Riley Securities, Citigroup, and Citigroup on December 15, 2023, June 27, 2023, and June 9, 2023, respectively. With an average price target of $14.42 between B. Riley Securities, Citigroup, and Citigroup, there's an implied 275.43% upside for Comtech Telecommunications Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Comtech Telecom (NASDAQ:CMTL) was reported by B. Riley Securities on December 15, 2023. The analyst firm set a price target for $18.25 expecting CMTL to rise to within 12 months (a possible 375.26% upside). 1 analyst firms have reported ratings in the last year.
The latest analyst rating for Comtech Telecom (NASDAQ:CMTL) was provided by B. Riley Securities, and Comtech Telecom initiated their buy rating.
The last upgrade for Comtech Telecommunications Corp happened on June 13, 2022 when Noble Capital Markets raised their price target to $12. Noble Capital Markets previously had a market perform for Comtech Telecommunications Corp.
The last downgrade for Comtech Telecommunications Corp happened on June 15, 2022 when Jefferies changed their price target from $32 to $10 for Comtech Telecommunications Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Comtech Telecom, 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 Comtech Telecom was filed on December 15, 2023 so you should expect the next rating to be made available sometime around December 15, 2024.
While ratings are subjective and will change, the latest Comtech Telecom (CMTL) rating was a initiated with a price target of $0.00 to $18.25. The current price Comtech Telecom (CMTL) is trading at is $3.84, which is within the analyst’s predicted range.
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