Free Trial

Avis Budget Group (CAR) Stock Forecast & Price Target

$104.15
-1.61 (-1.52%)
(As of 02:09 PM ET)

Avis Budget Group - 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 7 Wall Street analysts who have issued ratings for Avis Budget Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, and 5 have given a buy rating for CAR.

Consensus Price Target

$163.14
56.64% Upside
High Forecast$240.00
Average Forecast$163.14
Low Forecast$117.00

According to the 7 analysts' twelve-month price targets for Avis Budget Group, the average price target is $163.14. The highest price target for CAR is $240.00, while the lowest price target for CAR is $117.00. The average price target represents a forecasted upside of 56.64% from the current price of $104.15.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$163.14$164.57$172.86$213.67
Forecasted Upside56.64% Upside47.19% Upside47.22% Upside-4.64% Downside
Get Avis Budget Group Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for CAR and its competitors with MarketBeat's FREE daily newsletter.

CAR 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.
Skip Chart & View Analyst Rating History

CAR 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Avis Budget Group Stock vs. The Competition

TypeAvis Budget GroupTransportation CompaniesS&P 500
Consensus Rating Score
2.71
2.53
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside54.26% Upside33.27% Upside9.25% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024The Goldman Sachs Group
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$140.00 ➝ $120.00+21.83%
5/1/2024Bank of America
4 of 5 stars
 Lower TargetBuy ➝ Buy$170.00 ➝ $140.00+47.23%
4/30/2024Susquehanna
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$145.00 ➝ $117.00+12.98%
4/18/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$202.00 ➝ $183.00+78.82%
4/10/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOverweight ➝ Overweight$190.00 ➝ $187.00+51.34%
3/25/2024Northcoast Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Buy$155.00+36.60%
2/14/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOverweight ➝ Overweight$280.00 ➝ $240.00+94.32%
12/6/2022Susquehanna Bancshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageNeutral$225.00+16.41%
10/25/2022Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy$309.00 ➝ $270.00+18.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:40 PM ET.

CAR Forecast - Frequently Asked Questions

What is Avis Budget Group's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Avis Budget Group is $163.14, with a high forecast of $240.00 and a low forecast of $117.00.

Should I buy or sell Avis Budget Group stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CAR shares.

Does Avis Budget Group's stock price have much upside?

According to analysts, Avis Budget Group's stock has a predicted upside of 50.26% based on their 12-month stock forecasts.

What analysts cover Avis Budget Group?

Avis Budget Group has been rated by research analysts at Bank of America, Susquehanna, and The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Avis Budget Group more than its competitors?

Analysts like Avis Budget Group more than other "transportation" companies. The consensus rating score for Avis Budget Group is 2.71 while the average consensus rating score for "transportation" companies is 2.53. Learn more on how CAR compares to other companies.


This page (NASDAQ:CAR) was last updated on 7/23/2024 by MarketBeat.com Staff

From Our Partners