Transcat (TRNS, Financial) has received an updated stock price target from HC Wainwright & Co., with analyst Scott Buck maintaining a "Buy" rating. The firm's updated price target for TRNS is now set at $116.00, up from the previous target of $106.00.
This adjustment reflects a 9.43% increase in the price target, showcasing HC Wainwright & Co.'s confidence in Transcat's future performance. The decision to maintain the "Buy" rating further emphasizes the positive outlook on the stock.
Transcat operates on the NASDAQ exchange and is currently evaluated in USD. The updated target and maintained rating indicate strong potential for investors considering TRNS in their portfolio.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Transcat Inc (TRNS, Financial) is $106.50 with a high estimate of $130.00 and a low estimate of $85.00. The average target implies an upside of 12.87% from the current price of $94.36. More detailed estimate data can be found on the Transcat Inc (TRNS) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Transcat Inc's (TRNS, 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 Transcat Inc (TRNS, Financial) in one year is $100.17, suggesting a upside of 6.16% from the current price of $94.36. 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 Transcat Inc (TRNS) Summary page.
