NuScale Power (SMR, Financial) has caught the attention of investors following a recent update from CLSA. Analyst Max Hopkins from the firm has maintained the "Outperform" rating for the stock while raising the price target significantly.
The revised price target for NuScale Power (SMR, Financial) is now set at $41.00 USD, up from the previous target of $31.00 USD. This adjustment reflects a notable increase of 32.26% in the price target, signaling strong expectations for the company's future performance.
The rating of "Outperform" suggests that NuScale Power (SMR, Financial) is expected to perform better than the overall market and its peers. Investors and stakeholders may find this update encouraging, as it indicates confidence in the company's growth trajectory and potential for appreciation.
This report comes amid a backdrop of strong market interest and could influence investor sentiment towards NuScale Power (SMR, Financial) in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for NuScale Power Corp (SMR, Financial) is $22.18 with a high estimate of $31.00 and a low estimate of $4.50. The average target implies an downside of 36.28% from the current price of $34.81. More detailed estimate data can be found on the NuScale Power Corp (SMR) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, NuScale Power Corp's (SMR, Financial) average brokerage recommendation is currently 2.4, 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 NuScale Power Corp (SMR, Financial) in one year is $23.59, suggesting a downside of 32.23% from the current price of $34.81. 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 NuScale Power Corp (SMR) Summary page.
