InnovAge Holding Stock Target Price and Analyst Consensus

INNV Stock  USD 4.80  0.03  0.63%   
The current analyst and expert consensus on InnovAge Holding is Hold with 4 hold recommendations. The current projected InnovAge Holding target price consensus is 7.50 with 4 analyst opinions. One of the most common ways InnovAge Holding Corp 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 InnovAge Holding vendors, executives, and/or customers. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on InnovAge Holding. We encourage you to use your own analysis of InnovAge Holding Corp to validate this buy or sell advice. InnovAge Holding recommendation module provides expert sentiment on the projected InnovAge Holding Corp target price to derive its highest and lowest estimates based on target price standard deviation of 2.7936.
Lowest Forecast
6.83
Highest Forecast
8.33
Target Price
7.5
Gross Profit Margin is likely to climb to 0.23 in 2024, whereas Gross Profit is likely to drop slightly above 88.7 M in 2024. At this time, InnovAge Holding's Property Plant Equipment is fairly stable compared to the past year. Current Deferred Revenue is likely to climb to about 18.3 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 70.8 M in 2024.
  
It's important to approach InnovAge Holding'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 InnovAge Holding price targets

InnovAge Holding's stock target price is an estimate of its future price, usually made by analysts. Using InnovAge Holding's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at InnovAge Holding'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 InnovAge Holding'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 InnovAge Holding 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 InnovAge Holding is a key component of InnovAge Holding valuation and have some predictive power on the future returns of a InnovAge Holding.
Hype
Prediction
LowEstimatedHigh
2.014.807.59
Details
Intrinsic
Valuation
LowRealHigh
1.524.317.10
Details
Naive
Forecast
LowNextHigh
1.894.697.48
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

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Additional Tools for InnovAge Stock Analysis

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