Truist has adjusted its price target for Berry Global (BERY, Financial), reducing it from $76 to $71 while maintaining a Hold rating on the stock. This revision comes as market multiples have experienced compression recently. The decline is attributed to growing worries surrounding potential tariffs and the possibility of a recession spurred by diminishing consumer demand.
The analyst's insights suggest that these broader economic factors are influencing Berry Global's valuation, reflecting caution in the firm's outlook. Investors are advised to consider these economic uncertainties when evaluating the stock's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Berry Global Group Inc (BERY, Financial) is $75.29 with a high estimate of $87.00 and a low estimate of $70.00. The average target implies an upside of 12.33% from the current price of $67.03. More detailed estimate data can be found on the Berry Global Group Inc (BERY) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Berry Global Group Inc's (BERY, 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 Berry Global Group Inc (BERY, Financial) in one year is $47.17, suggesting a downside of 29.63% from the current price of $67.03. 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 Berry Global Group Inc (BERY) Summary page.
