Wall Street is neutral on Blue Apron Holdings Inc (APRN). On average, analysts give Blue Apron Holdings Inc a Sell rating. The average price target is $7, which means analysts expect the stock to increase by 83.73% over the next twelve months.
That average ranking earns Blue Apron Holdings Inc an Analyst Rating of 6, which is better than 6% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Blue Apron Holdings Inc Stock Today?
Blue Apron Holdings Inc (APRN) stock has gained 68.58% while the S&P 500 is lower by -7.01% as of 11:54 AM on Monday, Mar 16. APRN is up $1.55 from the previous closing price of $2.26 on volume of 5,720,743 shares. Over the past year the S&P 500 is lower by -11.02% while APRN is lower by -75.34%. APRN lost -$4.67 per share the over the last 12 months.