What is Wall Street’s target price for Designer Brands Inc (DBI) stocks on Thursday?
Wall Street is neutral on Designer Brands Inc (DBI). On average, analysts give the stock a buy rating. The average price target is $ 20, which means analysts expect the stock to gain 22.85% over the next twelve months. This average ranking gives the stock an analyst rating of 12, which is better than 12% of stocks based on data compiled by Investors Observer.
Why are analyst ratings important?
You can learn a lot about a business by looking at its financial statements and comparing them to other businesses. Analysts who cover an industry in depth, however, can add even more to your research. They usually follow a particular sector or industry very closely. They also pay attention and ask about income conference calls and other events where they might learn information that shows up in the numbers.
Investors Observer takes the average score of these analysts, then the percentile ranks these averages. This allows you to compare stocks much more accurately than just seeing the typical five-level rating system used on most Wall Street.
What’s going on with Designer Brands Inc stocks today?
Designer Brands Inc (DBI) stock is trading at $ 16.28 at 10:13 a.m. on Thursday, November 18, up $ 0.16, or 0.99% from the previous closing price of 16.12 $. The stock has traded between $ 16.17 and $ 16.73 so far today. The volume today is low. So far, 84,507 shares have been traded for an average volume of 997,030 shares. Click here for the full inventory report for Designer Brands Inc. inventory.