Highlights:
- NV5 Global (NVEE, Financial) shares surged by 9.5% following acquisition interest from competitor Acuren.
- Analysts set a one-year average price target of $28.13, indicating potential growth.
- Brokerage firms rate NVEE as "Outperform," with a 1.9 average recommendation score.
Shares of NV5 Global (NVEE) witnessed a notable increase of 9.5% on Monday. This surge was prompted by emerging reports that Acuren, a competing firm, has expressed interest in acquiring NV5. Specializing in a range of engineering and inspection services, NV5 caters to government levels and utility enterprises across the United States.
Wall Street Analysts Forecast
According to insights provided by eight analysts, the average one-year price target for NV5 Global Inc (NVEE, Financial) currently stands at $28.13. This projection comes with a high estimate of $41.00 and a low estimate of $22.00, suggesting a significant upside potential of 59.53% from the current share price of $17.63. Investors can access more in-depth estimate data on the NV5 Global Inc (NVEE) Forecast page.
Furthermore, the consensus recommendation from nine brokerage firms positions NV5 Global Inc (NVEE, Financial) at an average rating of 1.9, equating to an "Outperform" status. This rating utilizes a scale where 1 reflects a Strong Buy recommendation, and 5 indicates a Sell position.
From the perspective of GuruFocus metrics, the estimated GF Value for NV5 Global Inc (NVEE, Financial) in the coming year is pegged at $31.95. This estimation suggests an impressive 81.23% upside from the current trading price of $17.63. The GF Value signifies GuruFocus' prediction of the stock's fair trading value, a calculation that takes into account historical trading multiples, past business growth, and projected performance estimates. For further information, investors can explore the detailed data on the NV5 Global Inc (NVEE) Summary page.
