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MSFT   414.58 (+0.23%)
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AMZN   183.32 (-0.16%)
TSLA   157.11 (-2.71%)
NVDA   874.15 (+1.64%)
AMD   163.46 (+1.96%)
NIO   3.81 (-2.06%)
BABA   69.61 (-1.43%)
T   16.09 (-0.92%)
F   12.09 (-1.14%)
MU   121.77 (+0.33%)
GE   156.76 (+1.99%)
CGC   6.70 (-4.01%)
DIS   113.88 (+0.82%)
AMC   2.72 (+10.12%)
PFE   25.69 (-0.85%)
PYPL   63.43 (-0.13%)
XOM   118.69 (-0.83%)

Reliance (RS) Stock Forecast & Price Target

$322.88
-2.35 (-0.72%)
(As of 04:10 PM ET)

Reliance Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Analysts' Consensus Price Target

$365.67
13.25% Upside
High Forecast$380.00
Average Forecast$365.67
Low Forecast$355.00
TypeCurrent Forecast
4/17/23 to 4/16/24
1 Month Ago
3/18/23 to 3/17/24
3 Months Ago
1/17/23 to 1/17/24
1 Year Ago
4/17/22 to 4/17/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$365.67$358.50$275.00$261.20
Predicted Upside13.25% Upside9.35% Upside10.83% Upside11.94% Upside
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RS Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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RS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Reliance Stock vs. The Competition

TypeRelianceBasic Materials CompaniesS&P 500
Consensus Rating Score
2.50
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside13.05% Upside433.04% Upside12.06% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/11/2024Citigroup
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 DowngradeBuy ➝ Neutral$280.00 ➝ $380.00+14.47%
2/20/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$295.00 ➝ $355.00+9.67%
2/16/2024KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$300.00 ➝ $362.00+9.04%
4/28/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOutperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:53 PM ET.

RS Price Target - Frequently Asked Questions

What is Reliance's consensus rating and price target?

According to the issued ratings of 4 analysts in the last year, the consensus rating for Reliance stock is Moderate Buy based on the current 2 hold ratings and 2 buy ratings for RS. The average twelve-month price prediction for Reliance is $365.67 with a high price target of $380.00 and a low price target of $355.00. Learn more on RS's analyst rating history.

Do Wall Street analysts like Reliance more than its competitors?

Analysts like Reliance less than other Basic Materials companies. The consensus rating score for Reliance is 2.50 while the average consensus rating score for basic materials companies is 2.58. Learn more on how RS compares to other companies.

Is Reliance being downgraded by Wall Street analysts?

Over the previous 90 days, Reliance's stock had 1 downgrade by analysts.

Does Reliance's stock price have much upside?

According to analysts, Reliance's stock has a predicted upside of 11.07% based on their 12-month stock forecasts.

What analysts cover Reliance?

Reliance has been rated by BMO Capital Markets, Citigroup, and KeyCorp in the past 90 days.


Stock Ratings Reports and Tools

This page (NYSE:RS) was last updated on 4/16/2024 by MarketBeat.com Staff

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