In a recent update, Keefe, Bruyette & Woods analyst Meyer Shields has maintained an "Outperform" rating on American International Group (AIG, Financial), while simultaneously raising the price target. The new price target for AIG is set at $97.00 USD, up from the previous target of $94.00 USD.
The adjustment represents a 3.19% increase in the price target, indicating a positive outlook by the analyst for AIG's potential market performance. This update reflects continued confidence in AIG's ability to outperform in the market despite the unchanged "Outperform" rating.
This development comes as part of Keefe, Bruyette & Woods' ongoing analysis of AIG, maintaining its previous evaluation while acknowledging the potential for increased stock value. Investors keeping a close eye on AIG may find this update significant as it highlights the stock's potential trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for American International Group Inc (AIG, Financial) is $89.08 with a high estimate of $97.00 and a low estimate of $76.22. The average target implies an upside of 8.25% from the current price of $82.29. More detailed estimate data can be found on the American International Group Inc (AIG) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, American International Group Inc's (AIG, Financial) average brokerage recommendation is currently 2.3, 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 American International Group Inc (AIG, Financial) in one year is $84.38, suggesting a upside of 2.54% from the current price of $82.29. 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 American International Group Inc (AIG) Summary page.
