Stifel’s analyst Simon Yarmak has increased the price target for Agree Realty (ADC, Financial) from $81 to $82.50, maintaining a Buy rating on the stock. The decision follows the company's first-quarter core funds from operations (FFO), which stood at $1.04, aligning with both the firm's and market expectations. Additionally, Agree Realty has slightly adjusted its guidance upwards, contributing to the positive assessment by Stifel.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Agree Realty Corp (ADC, Financial) is $80.48 with a high estimate of $88.00 and a low estimate of $75.00. The average target implies an upside of 1.71% from the current price of $79.12. More detailed estimate data can be found on the Agree Realty Corp (ADC) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Agree Realty Corp's (ADC, Financial) average brokerage recommendation is currently 1.9, 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 Agree Realty Corp (ADC, Financial) in one year is $82.11, suggesting a upside of 3.78% from the current price of $79.12. 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 Agree Realty Corp (ADC) Summary page.
