In a recent update, Keybanc analyst Jeffrey Hammond has raised the price target for Atkore (ATKR, Financial) to USD 80.00 from the previous target of USD 70.00. This adjustment represents a 14.29% increase from the prior estimate, reflecting a positive outlook on the stock's future performance.
Despite the revised price target, the analyst maintains the current rating for Atkore (ATKR, Financial) at "Overweight." This indicates a continued confidence in the company's potential for outperforming market expectations.
The decision to raise the price target for Atkore (ATKR, Financial) comes amidst various market evaluations and reflects an encouraging sentiment regarding the company's growth trajectory. The updated target is set for the date of May 7, 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Atkore Inc (ATKR, Financial) is $75.50 with a high estimate of $90.00 and a low estimate of $65.00. The average target implies an upside of 13.70% from the current price of $66.40. More detailed estimate data can be found on the Atkore Inc (ATKR) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Atkore Inc's (ATKR, Financial) average brokerage recommendation is currently 2.5, 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 Atkore Inc (ATKR, Financial) in one year is $117.01, suggesting a upside of 76.22% from the current price of $66.4. 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 Atkore Inc (ATKR) Summary page.
