Wall Street is positive on Drive Shack Inc (DS). On average, analysts give Drive Shack Inc a Strong Buy rating. The average price target is $4, which means analysts expect the stock to rise by 158.06% over the next twelve months.
That average ranking earns Drive Shack Inc an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Drive Shack Inc Stock Today?
Drive Shack Inc (DS) stock is trading at $1.55 as of 10:25 AM on Wednesday, Oct 28, a drop of -$0.06, or -3.73% from the previous closing price of $1.61. The stock has traded between $1.52 and $1.63 so far today. Volume today is less active than usual. So far 296,071 shares have traded compared to average volume of 1,067,720 shares.
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