Northland has raised its rating for Titan Machinery (TITN, Financial) from Market Perform to Outperform, maintaining a price target of $25. This decision reflects confidence in the company's potential, as its shares have reached levels last seen before the COVID-19 pandemic, during the tail end of the previous agricultural cycle. Northland's analyst notes that the current trading levels present an appealing risk/reward opportunity for investors, suggesting optimism about Titan Machinery's future performance in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Titan Machinery Inc (TITN, Financial) is $20.60 with a high estimate of $25.00 and a low estimate of $15.00. The average target implies an upside of 31.92% from the current price of $15.62. More detailed estimate data can be found on the Titan Machinery Inc (TITN) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Titan Machinery Inc's (TITN, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Titan Machinery Inc (TITN, Financial) in one year is $25.43, suggesting a upside of 62.86% from the current price of $15.615. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Titan Machinery Inc (TITN) Summary page.
