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Do Analysts Expect Offerpad Solutions Inc (OPAD) Stock to Rise After It Is Lower By -19.79% in a Month?

Thursday, October 05, 2023 01:33 PM | InvestorsObserver Analysts

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Do Analysts Expect Offerpad Solutions Inc (OPAD) Stock to Rise After It Is Lower By -19.79% in a Month?

Analysts who follow Offerpad Solutions Inc (OPAD) on average expect it to climb 16.17% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Offerpad Solutions Inc an Analyst Ranking of 18, which means it ranks higher than 18 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.4
Wall Street analysts are rating OPAD a Buy today. Find out what this means to you and get the rest of the rankings on OPAD!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Offerpad Solutions Inc Stock Today?

Offerpad Solutions Inc (OPAD) stock is higher by 8.53% while the S&P 500 is lower by -0.58% as of 1:24 PM on Thursday, Oct 5. OPAD is higher by $0.72 from the previous closing price of $8.44 on volume of 25,235 shares. Over the past year the S&P 500 has risen 12.05% while OPAD is lower by -47.36%. OPAD lost -$15.53 per share the over the last 12 months. Click Here to get the full Stock Report for Offerpad Solutions Inc stock.

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