Piper Sandler has adjusted its price target for Neogen (NEOG, Financial), lowering it significantly from $13 to $6.40. Despite this change, the firm maintains a Neutral rating on the company's shares. The decision follows the release of Neogen's latest quarterly results, which have prompted a revision of estimates and valuation multiples by the firm.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Neogen Corp (NEOG, Financial) is $8.97 with a high estimate of $13.00 and a low estimate of $6.40. The average target implies an upside of 60.69% from the current price of $5.58. More detailed estimate data can be found on the Neogen Corp (NEOG) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Neogen Corp's (NEOG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Neogen Corp (NEOG, Financial) in one year is $16.20, suggesting a upside of 190.32% from the current price of $5.58. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Neogen Corp (NEOG) Summary page.
