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ADTRAN (ADTN) Stock Forecast & Price Target

$6.23
+0.03 (+0.48%)
(As of 07/19/2024 ET)

ADTRAN - Analysts' Recommendations 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.

Consensus Rating

Based on 5 Wall Street analysts who have issued ratings for ADTRAN in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for ADTN.

Consensus Price Target

$7.67
23.06% Upside
High Forecast$8.00
Average Forecast$7.67
Low Forecast$7.50

According to the 5 analysts' twelve-month price targets for ADTRAN, the average price target is $7.67. The highest price target for ADTN is $8.00, while the lowest price target for ADTN is $7.50. The average price target represents a forecasted upside of 23.06% from the current price of $6.23.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$7.67$7.67$10.50$22.63
Forecasted Upside23.06% Upside38.47% Upside76.65% Upside44.96% Upside
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ADTN Analyst Recommendations 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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ADTN 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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ADTRAN Stock vs. The Competition

TypeADTRANBusiness Services CompaniesS&P 500
Consensus Rating Score
2.80
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside23.06% Upside160.19% Upside9.99% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/20/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$8.00+51.80%
5/8/2024Northland Capmk
0 of 5 stars
T. Savageaux
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UpgradeHold ➝ Strong-Buy
5/8/2024Northland Securities
4 of 5 stars
 UpgradeMarket Perform ➝ Outperform$7.50+39.15%
2/28/2024Rosenblatt Securities
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 Lower TargetNeutral ➝ Neutral$8.00 ➝ $7.50+26.05%
11/20/2023Argus
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 DowngradeBuy ➝ Hold
2/22/2023Cowen
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 Lower TargetOutperform$34.00 ➝ $31.00+87.54%
9/26/2022Loop Capital
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 UpgradeHold ➝ Buy$21.00 ➝ $26.00+43.57%
9/13/2022Westpark Capital
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 Initiated CoverageHold
8/15/2022Cowen
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 Boost Target$34.00+36.05%
8/8/2022The Goldman Sachs Group
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 Boost TargetNeutral$21.00 ➝ $24.00+0.50%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:20 PM ET.

ADTN Forecast - Frequently Asked Questions

What is ADTRAN's forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for ADTRAN is $7.67, with a high forecast of $8.00 and a low forecast of $7.50.

Should I buy or sell ADTRAN stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ADTRAN in the last twelve months. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ADTN shares.

Does ADTRAN's stock price have much upside?

According to analysts, ADTRAN's stock has a predicted upside of 38.47% based on their 12-month stock forecasts.

Has ADTRAN been upgraded by Wall Street analysts recently?

Over the previous 90 days, ADTRAN's stock had 2 upgrades by analysts.

What analysts cover ADTRAN?

ADTRAN has been rated by research analysts at Needham & Company LLC, Northland Capmk, and Northland Securities in the past 90 days.

Do Wall Street analysts like ADTRAN more than its competitors?

Analysts like ADTRAN more than other "business services" companies. The consensus rating score for ADTRAN is 2.80 while the average consensus rating score for "business services" companies is 2.64. Learn more on how ADTN compares to other companies.


This page (NASDAQ:ADTN) was last updated on 7/20/2024 by MarketBeat.com Staff

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