Canaccord has adjusted its price target for Lifetime Brands (LCUT, Financial), reducing it from $7 to $6 while maintaining a Buy rating on the stock. The decision comes as the firm reevaluated its expectations in advance of the company's first-quarter financial results. This reassessment involved a detailed analysis of various data points, including sales statistics from Circana, search trends from Semrush, and activity on social media. These inputs were taken into account alongside three other companies within Canaccord's coverage group.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Lifetime Brands Inc (LCUT, Financial) is $9.00 with a high estimate of $11.00 and a low estimate of $7.00. The average target implies an upside of 135.60% from the current price of $3.82. More detailed estimate data can be found on the Lifetime Brands Inc (LCUT) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Lifetime Brands Inc's (LCUT, 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 Lifetime Brands Inc (LCUT, Financial) in one year is $7.13, suggesting a upside of 86.65% from the current price of $3.82. 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 Lifetime Brands Inc (LCUT) Summary page.
