Owlet (OWLT, Financial), a prominent player in digital parenting technology, has caught the attention of Northland analyst Owen Rickert, who has initiated coverage of the company with an Outperform rating and a price target of $7. This comes as Owlet continues to make strides in the infant health monitoring sector by offering innovative real-time data and insights through its extensive network of connected devices.
Rickert highlights the company's role in addressing a crucial gap in infant wellness and remote monitoring, suggesting that Owlet's comprehensive ecosystem stands out in the market. These developments underscore the company's potential for growth and its commitment to revolutionizing the way parents monitor the health of their infants.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Owlet Inc (OWLT, Financial) is $11.75 with a high estimate of $15.00 and a low estimate of $8.50. The average target implies an upside of 257.14% from the current price of $3.29. More detailed estimate data can be found on the Owlet Inc (OWLT) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Owlet Inc's (OWLT, 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 Owlet Inc (OWLT, Financial) in one year is $4.28, suggesting a upside of 30.09% from the current price of $3.29. 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 Owlet Inc (OWLT) Summary page.
