Richardson Electronics (RELL) Stock Forecast & Price Target

$11.97

+0.30 (+2.57%)

(As of 10:26 AM ET)

Richardson Electronics - 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

Buy
Based on 1 Analyst Ratings

Based on 1 Wall Street analysts who have issued ratings for Richardson Electronics in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for RELL.

Consensus Price Target

$13.00
8.60% Upside

High Forecast	$13.00
Average Forecast	$13.00
Low Forecast	$13.00

According to the 1 analysts' twelve-month price targets for Richardson Electronics, the average price target is $13.00. The highest price target for RELL is $13.00, while the lowest price target for RELL is $13.00. The average price target represents a forecasted upside of 8.60% from the current price of $11.97.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Buy	Buy	Buy	N/A
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	N/A
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	N/A
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	N/A
Consensus Price Target	$13.00	$13.00	$13.00	N/A
Forecasted Upside	8.60% Upside	28.08% Upside	28.08% Upside	N/A

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RELL 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.

RELL 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.

Richardson Electronics Stock vs. The Competition

Type	Richardson Electronics	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.65	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	11.21% Upside	161.12% Upside	7.51% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
4/29/2024	Northland Securities 4 of 5 stars		Initiated Coverage	Outperform	$13.00	+28.08%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:46 AM ET.

RELL Forecast - Frequently Asked Questions

What is Richardson Electronics' forecast for 2024?: According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for Richardson Electronics is $13.00, with a high forecast of $13.00 and a low forecast of $13.00.
Should I buy or sell Richardson Electronics stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Richardson Electronics in the last year. There is currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RELL shares.
Does Richardson Electronics's stock price have much upside?: According to analysts, Richardson Electronics's stock has a predicted upside of 28.08% based on their 12-month stock forecasts.
Do Wall Street analysts like Richardson Electronics more than its competitors?: Analysts like Richardson Electronics more than other "computer and technology" companies. The consensus rating for Richardson Electronics is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how RELL compares to other companies.