In recent analyst activity, Ormat Technologies (ORA, Financial) has caught attention with a key update from JP Morgan. Analyst Mark Strouse has maintained his "Neutral" rating on the stock while increasing the price target from USD 75.00 to USD 85.00. This adjustment represents a 13.33% increase from the previous target.
This decision reflects a closer examination of Ormat Technologies (ORA, Financial) in the current market environment. Despite the unchanged "Neutral" rating, the raised price target suggests a positive underlying view on the stock's potential performance.
Investors should note this development as a significant indicator of market expectations, especially given JP Morgan's prominent position in the financial analysis sector. Ormat Technologies (ORA, Financial) continues to remain under watch by analysts and investors alike.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Ormat Technologies Inc (ORA, Financial) is $87.67 with a high estimate of $100.00 and a low estimate of $76.00. The average target implies an downside of 2.16% from the current price of $89.60. More detailed estimate data can be found on the Ormat Technologies Inc (ORA) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Ormat Technologies Inc's (ORA, Financial) average brokerage recommendation is currently 2.3, 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 Ormat Technologies Inc (ORA, Financial) in one year is $92.35, suggesting a upside of 3.07% from the current price of $89.6. 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 Ormat Technologies Inc (ORA) Summary page.
