The target price for KORE Group Holdings (KORE) is $2.50, representing the 12-month average price target set by analysts.
Analysts widely use price targets as a projection of a stock's potential value over a specific period, typically 12 months. For KORE Group Holdings, this average target of $2.50 suggests a significant potential for growth from its current valuation.
Understanding KORE's Price Target
A price target is an estimate of a security's future price, often derived from financial models, market analysis, and fundamental research. It serves as a guide for investors to understand where analysts believe the stock's value might be headed.
- Average Analyst Price Target: The consensus target for KORE is $2.50. This figure is an average of various individual analyst predictions, providing a collective sentiment on the stock's future performance.
- Upside Potential: Based on this average price target, KORE Group Holdings is estimated to have an impressive 110.08% upside potential. This indicates the percentage increase analysts expect the stock to achieve to reach its target price.
Key Details
To summarize the analyst consensus for KORE:
| Metric | Value |
|---|---|
| Average Price Target | $2.50 |
| Upside Potential | 110.08% |
| Timeframe | 12 months |
What Drives Price Targets?
Several factors influence an analyst's price target, including:
- Company Fundamentals: Revenue growth, profit margins, balance sheet strength, and cash flow.
- Industry Trends: Overall growth in the IoT and connectivity sectors, technological advancements, and competitive landscape.
- Management Outlook: Company guidance, strategic initiatives, and market positioning.
- Economic Conditions: Broader market sentiment, interest rates, and economic growth forecasts.
Investors often use price targets as one of many tools in their investment decision-making process, combining them with their own research and risk assessment.
