Guggenheim's analyst Ronald Jewsikow has revised the price target for Gentex (GNTX, Financial), setting it at $24, down from the previous $30. Despite this adjustment, the firm continues to maintain a Buy rating on the company's stock. This move comes as the company prepares for its upcoming first-quarter financial results.
The adjustment is part of a broader update on estimates pertaining to the auto supplier and dealer sectors, according to the analyst. The revisions are described as considerably lowered, aligning with previous analyses related to tariffs. The changes reflect concerns within the industry and suggest a cautious outlook amid ongoing market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Gentex Corp (GNTX, Financial) is $28.29 with a high estimate of $38.11 and a low estimate of $21.00. The average target implies an upside of 32.88% from the current price of $21.29. More detailed estimate data can be found on the Gentex Corp (GNTX) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Gentex Corp's (GNTX, Financial) average brokerage recommendation is currently 2.5, 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 Gentex Corp (GNTX, Financial) in one year is $39.68, suggesting a upside of 86.38% from the current price of $21.29. 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 Gentex Corp (GNTX) Summary page.
