In a recent analyst update, Polaris (PII, Financial) received attention as Baird's analyst Craig Kennison maintained a "Neutral" rating on the stock. This indicates that Baird does not foresee significant movement in Polaris's stock price that would warrant a change in its current Neutral stance.
However, Kennison raised the price target for Polaris (PII, Financial) from $38.00 to $46.00 USD. This adjustment reflects a 21.05% increase in the price target, suggesting increased confidence in the company's potential market performance.
The update comes as part of Baird's ongoing coverage of Polaris (PII, Financial), a renowned name in the off-road vehicle and snowmobile industry. The change in price target without a corresponding change in rating highlights a nuanced perspective on the stock's outlook.
Investors and market observers may consider this updated price target in their evaluations of Polaris (PII, Financial), especially given the maintained Neutral rating. The analysis from Baird suggests cautious optimism moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Polaris Inc (PII, Financial) is $34.73 with a high estimate of $48.00 and a low estimate of $22.00. The average target implies an downside of 26.11% from the current price of $47.00. More detailed estimate data can be found on the Polaris Inc (PII) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Polaris Inc's (PII, Financial) average brokerage recommendation is currently 3.1, 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 Polaris Inc (PII, Financial) in one year is $72.74, suggesting a upside of 54.77% from the current price of $47. 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 Polaris Inc (PII) Summary page.
