In a recent update, Baird has adjusted its price target for Snap-On (SNA, Financial), bringing it down from $349 to $320. The firm maintains a Neutral rating on the stock. This revision follows the analysis of Snap-On's first-quarter results, where overall positive trends were tempered by uncertainties in the short-term outlook.
Baird's decision to lower the price target reflects the company's current visibility challenges, even as long-term prospects remain promising. Investors are advised to remain cautious given the current market conditions described in the latest report.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Snap-on Inc (SNA, Financial) is $338.41 with a high estimate of $400.00 and a low estimate of $256.24. The average target implies an upside of 10.79% from the current price of $305.44. More detailed estimate data can be found on the Snap-on Inc (SNA) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Snap-on Inc's (SNA, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" 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 Snap-on Inc (SNA, Financial) in one year is $282.12, suggesting a downside of 7.63% from the current price of $305.44. 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 Snap-on Inc (SNA) Summary page.
