In a recent update, Oppenheimer has decided to maintain its current rating for Turning Point Brands (TPB, Financial), keeping it at "Outperform." This rating reflects a positive outlook for the company's performance in the market.
The analyst behind this decision, Ian Zaffino, has also raised the price target for TPB significantly. The updated price target has been adjusted from USD 65.00 to USD 85.00. This represents a 30.77% increase from the prior target, indicating heightened confidence in the company's future prospects.
This adjustment in the price target for Turning Point Brands (TPB, Financial) highlights Oppenheimer's optimistic view on the stock's potential growth and value enhancement. Investors might find the revised target price encouraging as it suggests substantial upside in TPB's market valuation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Turning Point Brands Inc (TPB, Financial) is $90.50 with a high estimate of $95.00 and a low estimate of $85.00. The average target implies an upside of 19.18% from the current price of $75.94. More detailed estimate data can be found on the Turning Point Brands Inc (TPB) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Turning Point Brands Inc's (TPB, Financial) average brokerage recommendation is currently 1.8, 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 Turning Point Brands Inc (TPB, Financial) in one year is $36.54, suggesting a downside of 51.88% from the current price of $75.935. 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 Turning Point Brands Inc (TPB) Summary page.
