Where Does Wall Street Think Nordstrom Inc (JWN) Stock Will Go?

Wall Street is positive on Nordstrom Inc (JWN). On average, analysts give JWN a Hold rating. The average price target is $16.769, which means analysts expect the stock to lose by -14.92% over the next twelve months. That average ranking earns JWN an Analyst Rating of 3, which is better than 3% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating JWN a Hold today. Find out what this means to you and get the rest of the rankings on JWN!

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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 Nordstrom Inc Stock Today?

Nordstrom Inc (JWN) stock is trading at $19.71 as of 11:39 AM on Wednesday, Mar 27, a rise of $1.09, or 5.85% from the previous closing price of $18.62. The stock has traded between $18.75 and $19.71 so far today. Volume today is less active than usual. So far 994,065 shares have traded compared to average volume of 5,089,413 shares. Click Here to get the full Stock Report for Nordstrom Inc stock.