UBS has increased its price target for Wolverine World Wide (WWW, Financial), raising it from $17 to $18 while maintaining a Buy rating on the company's stock. The firm anticipates significant fluctuations during Wolverine's first-quarter earnings report, citing expectations of high volatility in the results. This adjustment reflects UBS's continued confidence in Wolverine's potential despite the anticipated market turbulence.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Wolverine World Wide Inc (WWW, Financial) is $19.67 with a high estimate of $25.00 and a low estimate of $15.00. The average target implies an upside of 71.61% from the current price of $11.46. More detailed estimate data can be found on the Wolverine World Wide Inc (WWW) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Wolverine World Wide Inc's (WWW, Financial) average brokerage recommendation is currently 2.0, 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 Wolverine World Wide Inc (WWW, Financial) in one year is $11.41, suggesting a downside of 0.44% from the current price of $11.46. 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 Wolverine World Wide Inc (WWW) Summary page.
