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Where Does Wall Street Think Albemarle Corporation (ALB) Stock Will Go?

Tuesday, February 27, 2024 10:59 AM | InvestorsObserver Analysts

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Where Does Wall Street Think Albemarle Corporation (ALB) Stock Will Go?

Wall Street is positive on Albemarle Corporation (ALB). On average, analysts give the stock a Buy rating. The average price target is $158.227, which means analysts expect the stock to gain by 22.06% over the next twelve months. That average ranking earns the stock an Analyst Rating of 31, which is better than 31% of stocks based on data compiled by InvestorsObserver.

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

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 Albemarle Corporation Stock Today?

Albemarle Corporation (ALB) stock is trading at $129.63 as of 10:55 AM on Tuesday, Feb 27, a rise of $8.11, or 6.67% from the previous closing price of $121.52. The stock has traded between $126.50 and $130.31 so far today. Volume today is less active than usual. So far 1,452,361 shares have traded compared to average volume of 3,042,484 shares. Click Here to get the full Stock Report for Albemarle Corporation stock.

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