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What is Wall Street's Target Price for Ideanomics Inc (IDEX) Stock Tuesday?

Tuesday, November 30, 2021 02:06 PM | InvestorsObserver Analysts
What is Wall Street's Target Price for Ideanomics Inc (IDEX) Stock Tuesday?

Wall Street is positive on Ideanomics Inc (IDEX). On average, analysts give IDEX a Strong Buy rating. The average price target is $5, which means analysts expect the stock to rise by 226.80% over the next twelve months. That average ranking earns IDEX an Analyst Rating of 74, which is better than 74% of stocks based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating IDEX a Strong Buy today. Find out what this means to you and get the rest of the rankings on IDEX!

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 Ideanomics Inc Stock Today?

Ideanomics Inc (IDEX) stock is trading at $1.53 as of 2:03 PM on Tuesday, Nov 30, a loss of -$0.02, or -1.61% from the previous closing price of $1.55. The stock has traded between $1.48 and $1.59 so far today. Volume today is below average. So far 4,927,015 shares have traded compared to average volume of 11,365,691 shares. Click Here to get the full Stock Report for Ideanomics Inc stock.

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