Do Analysts Agree Monday on Brown-Forman Corporation Class B (BF.B) Stock's Target Price?

Monday, October 16, 2023 03:19 PM | InvestorsObserver Analysts

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Do Analysts Agree Monday on Brown-Forman Corporation Class B (BF.B) Stock's Target Price?

Wall Street is positive on Brown-Forman Corporation Class B (BF.B). On average, analysts give Brown-Forman Corporation Class B a Buy rating. The average price target is $71.2, which means analysts expect the stock to rise by 29.38% over the next twelve months. That average ranking earns Brown-Forman Corporation Class B an Analyst Rating of 16, which is better than 16% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating BF.B a Buy today. Find out what this means to you and get the rest of the rankings on BF.B!

See Full BF.B Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Brown-Forman Corporation Class B Stock Today?

Brown-Forman Corporation Class B (BF.B) stock is trading at $55.03 as of 3:17 PM on Monday, Oct 16, a rise of $1.55, or 2.9% from the previous closing price of $53.48. The stock has traded between $53.49 and $55.26 so far today. Volume today is light. So far 1,024,396 shares have traded compared to average volume of 1,629,162 shares. Click Here to get the full Stock Report for Brown-Forman Corporation Class B stock.