- Icahn Enterprises (IEP, Financial) exceeds analyst revenue expectations despite a year-over-year decline.
- Stock price has dropped 15.5% post-earnings, trading at $8.68.
- Analysts forecast a 75.64% potential upside based on the current average price target.
Despite a challenging year, Icahn Enterprises (IEP) surpassed Wall Street predictions by delivering a fourth-quarter revenue of $2.56 billion, reflecting a 3.9% decline from the previous year. However, this achievement did not prevent the stock from experiencing a 15.5% fall after the earnings announcement, with the current trading price at $8.68.
Wall Street Analysts Forecast
Investor sentiment remains optimistic as per the insights from analysts. Currently, the one-year price target for Icahn Enterprises LP (IEP, Financial) is set at an average of $15.00. With both the high and low estimates aligning at $15.00, this projection suggests an impressive upside potential of 75.64% from the present level of $8.54. For a more comprehensive outlook, visit the Icahn Enterprises LP (IEP) Forecast page.
Furthermore, based on the consensus from a single brokerage firm, the average recommendation for Icahn Enterprises LP (IEP, Financial) is positioned at a solid "Buy," with a rating of 1.0. This rating indicates a "Strong Buy" on a scale where 1 signifies a Strong Buy and 5 denotes a Sell.
According to GuruFocus assessments, the projected GF Value of Icahn Enterprises LP (IEP, Financial) over the next year stands at $12.21. This estimation outlines a potential increase of 42.97% from its current market price of $8.54. The GF Value represents a calculated fair value based on historical trading multiples, past company growth, and expected future performance. For further details, explore the Icahn Enterprises LP (IEP) Summary page.
