Barclays analyst Julien Roch has adjusted the price target for Omnicom Group (OMC, Financial) from $110 to $105. Despite this revision, the analyst maintains an Overweight rating on the company's shares.
Roch's analysis follows Omnicom's first-quarter results, which met expectations. The fiscal year outlook indicates certain uncertainties, which Roch notes are not attributed to any reduction in client activity.
Overall, the firm views this cautious approach as a prudent move given the current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Omnicom Group Inc (OMC, Financial) is $102.04 with a high estimate of $116.33 and a low estimate of $83.00. The average target implies an upside of 43.23% from the current price of $71.24. More detailed estimate data can be found on the Omnicom Group Inc (OMC) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Omnicom Group Inc's (OMC, Financial) average brokerage recommendation is currently 2.3, 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 Omnicom Group Inc (OMC, Financial) in one year is $99.55, suggesting a upside of 39.74% from the current price of $71.24. 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 Omnicom Group Inc (OMC) Summary page.
