Innovative Industrial Stock Target Price and Analyst Consensus

IIPR Stock  USD 109.02  0.15  0.14%   
The current analyst and expert consensus on Innovative Industrial is Buy with 4 hold recommendations. The current projected Innovative Industrial target price consensus is 108.80 with 7 analyst opinions. One of the most common ways Innovative Industrial analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Innovative Industrial vendors, executives, and/or customers. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Innovative Industrial. We strongly encourage you to use your own analysis of Innovative Industrial to validate this buy or sell advice. Innovative Industrial recommendation module provides expert sentiment on the projected Innovative Industrial target price to derive its highest and lowest estimates based on target price standard deviation of 2.1584.
Lowest Forecast
99.01
Highest Forecast
120.77
Target Price
108.8
At this time, Innovative Industrial's Gross Profit is relatively stable compared to the past year. As of 12/02/2024, Pretax Profit Margin is likely to grow to 0.56, while Gross Profit Margin is likely to drop 0.74. At this time, Innovative Industrial's Capital Surpluse is relatively stable compared to the past year. As of 12/02/2024, Other Current Assets is likely to grow to about 1.4 M, while Total Assets are likely to drop slightly above 1.4 B.
  
It's important to approach Innovative Industrial's 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 Innovative Industrial price targets

Innovative Industrial's stock target price is an estimate of its future price, usually made by analysts. Using Innovative Industrial's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Innovative Industrial's 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 Innovative Industrial's 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 Innovative Industrial 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 Innovative Industrial is a key component of Innovative Industrial valuation and have some predictive power on the future returns of a Innovative Industrial.
Hype
Prediction
LowEstimatedHigh
106.86109.02111.18
Details
Intrinsic
Valuation
LowRealHigh
93.5795.73119.92
Details
Naive
Forecast
LowNextHigh
120.56122.72124.88
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.391.391.40
Details

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Additional Tools for Innovative Stock Analysis

When running Innovative Industrial's price analysis, check to measure Innovative Industrial's 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 Innovative Industrial is operating at the current time. Most of Innovative Industrial's value examination focuses on studying past and present price action to predict the probability of Innovative Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Industrial's price. Additionally, you may evaluate how the addition of Innovative Industrial to your portfolios can decrease your overall portfolio volatility.