Investment firm Baird has downgraded IBEX (IBEX, Financial) from an "Outperform" rating to a "Neutral" rating. Despite the change in rating, Baird has maintained its price target for IBEX at $30.00.
The announcement was made by analyst David Koning on May 12, 2025. The price target of $30.00 remains unchanged from Baird's previous assessment, denoting a stable outlook for the stock's expected performance in the market.
This update is noteworthy for investors who monitor IBEX (IBEX, Financial) closely, as the new rating may influence market perceptions and trading activities related to the stock. The rating downgrade signifies a shift in Baird's view regarding the potential performance of IBEX moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for IBEX Ltd (IBEX, Financial) is $30.50 with a high estimate of $31.00 and a low estimate of $30.00. The average target implies an upside of 3.42% from the current price of $29.49. More detailed estimate data can be found on the IBEX Ltd (IBEX) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, IBEX Ltd's (IBEX, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" 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 IBEX Ltd (IBEX, Financial) in one year is $22.79, suggesting a downside of 22.72% from the current price of $29.49. 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 IBEX Ltd (IBEX) Summary page.
