In a latest update, Wells Fargo analyst Blaine Heck has maintained the "Overweight" rating for COPT Defense Properties (CDP, Financial). The firm, however, has made a significant adjustment to its price target for the stock. The updated price target is now set at $30.00, down from the previous target of $36.00, representing a decrease of 16.67%.
The revised price target reflects the analyst's latest evaluation of the market conditions and company performance. Despite the lowered price target, the "Overweight" rating indicates continued optimism in the potential for COPT Defense Properties (CDP, Financial) to outperform relative to other stocks.
This development comes as part of a routine assessment by Wells Fargo analysts to align their expectations with current market dynamics. Investors in COPT Defense Properties (CDP, Financial) may find this information crucial as they assess their holdings and investment strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for COPT Defense Properties (CDP, Financial) is $32.57 with a high estimate of $38.00 and a low estimate of $29.00. The average target implies an upside of 19.13% from the current price of $27.34. More detailed estimate data can be found on the COPT Defense Properties (CDP) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, COPT Defense Properties's (CDP, 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 COPT Defense Properties (CDP, Financial) in one year is $26.94, suggesting a downside of 1.46% from the current price of $27.34. 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 COPT Defense Properties (CDP) Summary page.
