Summary:
- Harley-Davidson (HOG, Financial) experiences a significant 11% stock decline after a director's resignation raises concerns.
- Analysts predict a potential upside of 40.76% with an average price target of $30.25 for Harley-Davidson.
- The stock maintains an "Outperform" rating, aligning with GuruFocus's GF Value estimate.
Harley-Davidson (NYSE: HOG) recently faced a challenging setback as its shares tumbled nearly 11% due to the unexpected resignation of a key company director. This resignation has stirred considerable concern about the present challenges the iconic motorcycle manufacturer is grappling with, especially amidst the prevalent economic uncertainties.
Wall Street Analysts' Predictions for Harley-Davidson
According to the latest forecasts from eight analysts, Harley-Davidson Inc (HOG, Financial) boasts an average one-year price target of $30.25. This target price spans a high of $35.00 and a low of $26.00, indicating a potential upside of 40.76% from its current trading price of $21.49. Investors can explore more detailed projections on the Harley-Davidson Inc (HOG) Forecast page.
Brokerage Recommendations and Ratings
Currently, Harley-Davidson holds a consensus recommendation of 2.5 from 15 brokerage firms, translating to an "Outperform" rating. This rating falls on a scale where 1 is a "Strong Buy" and 5 is a "Sell," affirming analyst confidence in the company's future prospects.
GuruFocus GF Value Insights
The GF Value for Harley-Davidson is estimated at $28.94 over the upcoming year. This suggests a potential upside of 34.67% from its recent price of $21.49. The GF Value is GuruFocus's assessment of a stock’s fair trading value, calculated based on its historical trading multiples, past business growth, and projected future performance. Further insights are available on the Harley-Davidson Inc (HOG, Financial) Summary page.
The recent fluctuations in Harley-Davidson's stock underscore the importance of monitoring market trends and expert analyses to make informed investment decisions.
