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Altus Power (AMPS) Stock Forecast & Price Target

$4.43
-0.07 (-1.56%)
(As of 07/15/2024 ET)

Altus Power - 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

Consensus Price Target

$7.50
69.30% Upside
High Forecast$10.00
Average Forecast$7.50
Low Forecast$5.00
TypeCurrent Forecast
7/16/23 to 7/15/24
1 Month Ago
6/16/23 to 6/15/24
3 Months Ago
4/17/23 to 4/16/24
1 Year Ago
7/16/22 to 7/16/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
2 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$7.50$7.50$8.63$10.17
Forecasted Upside69.30% Upside63.11% Upside73.47% Upside60.27% Upside
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AMPS 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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AMPS 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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Altus Power Stock vs. The Competition

TypeAltus PowerOils/Energy CompaniesS&P 500
Consensus Rating Score
3.11
2.56
2.50
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside69.30% Upside308.33% Upside9.40% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/25/2024B. Riley
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R. Pfingst
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UpgradeStrong-Buy
6/3/2024Seaport Res Ptn
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J. Campbell
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UpgradeStrong-Buy
5/16/2024Roth Mkm
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 Lower TargetBuy ➝ Buy$7.00 ➝ $5.00+19.90%
5/15/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$9.00 ➝ $7.00+68.67%
5/15/2024JPMorgan Chase & Co.
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 DowngradeOverweight ➝ Neutral
4/11/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$9.00+102.25%
4/10/2024Maxim Group
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 Initiated CoverageBuy$7.00+45.83%
11/30/2023Northland Securities
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 Initiated CoverageOutperform$10.00+99.20%
11/14/2023UBS Group
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 Lower TargetBuy ➝ Buy$10.00 ➝ $9.00+74.08%
4/4/2023Citigroup
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 Lower TargetBuy$10.00 ➝ $7.00+40.28%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:14 PM ET.

AMPS Forecast - Frequently Asked Questions

What is Altus Power's forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Altus Power is $7.50, with a high forecast of $10.00 and a low forecast of $5.00.

Should I buy or sell Altus Power stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altus Power in the last year. There is currently 1 hold rating, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMPS shares.

Does Altus Power's stock price have much upside?

According to analysts, Altus Power's stock has a predicted upside of 61.84% based on their 12-month stock forecasts.

Has Altus Power been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Altus Power's stock had 2 upgrades and 1 downgrade by analysts.

What analysts cover Altus Power?

Altus Power has been rated by research analysts at B. Riley, Evercore ISI, JPMorgan Chase & Co., Roth Mkm, and Seaport Res Ptn in the past 90 days.

Do Wall Street analysts like Altus Power more than its competitors?

Analysts like Altus Power more than other "oils/energy" companies. The consensus rating for Altus Power is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how AMPS compares to other companies.


This page (NYSE:AMPS) was last updated on 7/15/2024 by MarketBeat.com Staff

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