Rocky Brands Stock Target Price and Analyst Consensus

RCKY Stock  USD 21.70  0.17  0.78%   
The current analyst and expert consensus on Rocky Brands is Hold, with no strong buy opinions. The current projected Rocky Brands target price consensus is 20.50 with 2 analyst opinions. Check out Macroaxis Advice on Rocky Brands to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Rocky Stock please use our How to Invest in Rocky Brands guide.
The most common way Rocky Brands analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Rocky Brands executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Rocky Brands. We encourage you to use your own analysis of Rocky Brands to validate this buy or sell advice. Rocky Brands buy-or-sell recommendation module provides average expert sentiment on the projected Rocky Brands target price to derive its highest and lowest estimates based on projected price volatility of 4.0063.
Lowest Forecast
18.66
Highest Forecast
22.76
Target Price
20.5
Gross Profit is likely to rise to about 187.5 M in 2024, whereas Pretax Profit Margin is likely to drop 0.03 in 2024. At this time, Rocky Brands' Non Current Assets Total are fairly stable compared to the past year. Cash And Short Term Investments is likely to rise to about 5.4 M in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 916.8 K in 2024.
  
It's important to approach Rocky Brands' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Rocky Brands price targets

Rocky Brands' stock target price is an estimate of its future price, usually made by analysts. Using Rocky Brands' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Rocky Brands' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Rocky Brands' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Rocky Brands Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Rocky Brands is a key component of Rocky Brands valuation and have some predictive power on the future returns of a Rocky Brands.
Hype
Prediction
LowEstimatedHigh
17.8221.8325.84
Details
Intrinsic
Valuation
LowRealHigh
16.3320.3424.35
Details
Naive
Forecast
LowNextHigh
19.3923.4027.41
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.621.210.67
Details

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Additional Tools for Rocky Stock Analysis

When running Rocky Brands' price analysis, check to measure Rocky Brands' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rocky Brands is operating at the current time. Most of Rocky Brands' value examination focuses on studying past and present price action to predict the probability of Rocky Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocky Brands' price. Additionally, you may evaluate how the addition of Rocky Brands to your portfolios can decrease your overall portfolio volatility.