Truist has revised its price target for Ball Corp. (BALL, Financial), reducing it from $65 to $58, while maintaining a Buy rating on the company's stock. This adjustment comes as a response to recent alterations in market conditions, particularly the compression of valuation multiples across the board. The shift is largely attributed to growing apprehensions surrounding tariff impacts and the likelihood of an economic downturn driven by decreased consumer demand.
Analysts point to these factors as significant influences on investor sentiment, prompting a reassessment of risk and future growth prospects. Despite these concerns, Truist's Buy rating indicates a continued confidence in Ball Corp.'s overall potential in the longer term, even as short-term market conditions remain uncertain.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Ball Corp (BALL, Financial) is $60.81 with a high estimate of $83.00 and a low estimate of $44.00. The average target implies an upside of 28.56% from the current price of $47.30. More detailed estimate data can be found on the Ball Corp (BALL) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Ball Corp's (BALL, 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 Ball Corp (BALL, Financial) in one year is $62.42, suggesting a upside of 31.97% from the current price of $47.3. 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 Ball Corp (BALL) Summary page.
