Do Analysts Agree Wednesday on Spring Valley Acquisition Corp (SV) Stock's Target Price?

Wednesday, October 06, 2021 01:21 PM | InvestorsObserver Analysts

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Do Analysts Agree Wednesday on Spring Valley Acquisition Corp (SV) Stock's Target Price?

Wall Street is positive on Spring Valley Acquisition Corp (SV). On average, analysts give the stock a Strong Buy rating. The average price target is $20, which means analysts expect the stock to gain by 126.76% over the next twelve months. That average ranking earns the stock an Analyst Rating of 75, which is better than 75% of stocks based on data compiled by InvestorsObserver.

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

See Full SV Report

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 Spring Valley Acquisition Corp Stock Today?

Spring Valley Acquisition Corp (SV) stock is trading at $8.82 as of 1:06 PM on Wednesday, Oct 6, a decline of -$0.18, or -1.94% from the previous closing price of $9.00. The stock has traded between $8.76 and $8.96 so far today. Volume today is light. So far 10,171 shares have traded compared to average volume of 119,852 shares. Click Here to get the full Stock Report for Spring Valley Acquisition Corp stock.