Summary:
- Harley-Davidson shares plunged nearly 12% following a key director's resignation over strategic concerns.
- Analysts predict a potential upside of over 40% with mixed recommendations from brokerage firms.
- GuruFocus estimates suggest the stock is undervalued with a significant upside potential.
Harley-Davidson (HOG, Financial) encountered a significant drop in its stock price, dipping nearly 12%, after board member Jared Dourdeville resigned. Dourdeville, representing H Partners, expressed grave concerns over the company's performance and leadership under CEO Jochen Zeitz, pushing for a strategic overhaul. Despite these challenges, the company responded by highlighting its competitive shareholder returns and initiatives aimed at enhancing dealer operations.
Wall Street Analysts' Forecast
According to eight analysts' one-year price targets, Harley-Davidson Inc (HOG, Financial) holds an average target price of $30.25, ranging between a high of $35.00 and a low of $26.00. This average target implies a potential upside of 40.76% from the current stock price of $21.49. For more in-depth estimate data, visit the Harley-Davidson Inc (HOG) Forecast page.
Brokerage Recommendations
The consensus recommendation from 15 brokerage firms rates Harley-Davidson Inc (HOG, Financial) at an average of 2.5, which falls under the "Outperform" category. The rating scale utilized ranges from 1, indicating a Strong Buy, to 5, which suggests a Sell.
GuruFocus GF Value Estimate
GuruFocus's estimated GF Value for Harley-Davidson Inc (HOG, Financial) over the next year is $28.94, indicating a 34.67% upside potential from the current share price of $21.49. The GF Value is derived by analyzing the historical multiples at which the stock has previously traded, coupled with past business growth and future performance expectations. For more detailed insights, explore the Harley-Davidson Inc (HOG) Summary page.
