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InnovAge Holding Corp (INNV) Stock: Do Analysts Think You Should Accumulate?

Tuesday, October 05, 2021 11:00 AM | InvestorsObserver Analysts

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InnovAge Holding Corp (INNV) Stock: Do Analysts Think You Should Accumulate?

Analysts who follow InnovAge Holding Corp (INNV) on average expect it to rise 123.88% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns InnovAge Holding Corp an Analyst Ranking of 25, which means it ranks higher than 25 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.8
Wall Street analysts are rating INNV a Buy today. Find out what this means to you and get the rest of the rankings on INNV!

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 InnovAge Holding Corp Stock Today?

InnovAge Holding Corp (INNV) stock is trading at $6.70 as of 11:00 AM on Tuesday, Oct 5, a rise of $0.16, or 2.45% from the previous closing price of $6.54. The stock has traded between $6.49 and $6.81 so far today. Volume today is low. So far 69,550 shares have traded compared to average volume of 682,366 shares. Click Here to get the full Stock Report for InnovAge Holding Corp stock.

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