Cinemark Holdings Inc Surpasses Analyst Price Target of $28.64

Cinemark Holdings Inc has recently crossed the average analyst 12-month target price of $28.64 per share, indicating potential for further price assessment. This movement invites investors to reevaluate their positions on CNK, amidst varying analyst price targets ranging from $20.00 to $35.00.

Date: 28-10-2024

AI Rating: 7

The report highlights crucial insights regarding Cinemark Holdings Inc (CNK) as it recently surpassed the average analyst target price of $28.64 per share, trading at $28.69. This crossing above the target price serves as a critical signal for investors to evaluate their positions and contemplate whether to hold or divest.

There are currently 11 analysts contributing to the average target price for CNK, with a notable standard deviation of $4.924, which indicates varying expectations for the stock's performance. One analyst has set a price target as low as $20.00, while another believes it could reach as high as $35.00. This wide range suggests differing outlooks and levels of confidence among market analysts.

The report also delves into the breakdown of recent analyst ratings over the last few months. It indicates that CNK has five strong buy ratings, one buy rating, four hold ratings, one strong sell rating, and no sell ratings in the latest analysis. The average rating of 2.14 falls within the 'buy' category (1 being strong buy and 5 being strong sell), further showcasing the optimistic sentiment surrounding the stock.

Stocks: CNK