Truist Securities has revised its price target for Amcor (AMCR, Financial), reducing it from $12 to $11, while maintaining a Buy rating for the shares. This adjustment comes amidst a broader contraction of valuation multiples across the firm's coverage. This contraction is attributed to rising concerns over potential tariffs and a possible recession driven by declining consumer demand.
The analyst notes that these economic uncertainties have prompted a reevaluation of targets as the market adapts to new fiscal challenges. Despite these adjustments, Truist's ongoing recommendation suggests a continued belief in the potential upside for Amcor shares. Investors are advised to consider these factors when assessing their positions in the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Amcor PLC (AMCR, Financial) is $11.18 with a high estimate of $12.00 and a low estimate of $10.00. The average target implies an upside of 20.09% from the current price of $9.31. More detailed estimate data can be found on the Amcor PLC (AMCR) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Amcor PLC's (AMCR, 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 Amcor PLC (AMCR, Financial) in one year is $11.16, suggesting a upside of 19.87% from the current price of $9.31. 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 Amcor PLC (AMCR) Summary page.
