InnovAge Holding Stock Target Price and Analyst Consensus

INNV Stock  USD 5.14  0.25  5.11%   
The current analyst and expert consensus on InnovAge Holding is Hold with 4 hold recommendations. The current projected InnovAge Holding target price consensus is 7.5 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 0.0. Check out Macroaxis Advice on InnovAge Holding to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
6.83
Highest Forecast
8.33
Target Price
7.5
Gross Profit is likely to climb to about 103.8 M in 2024, whereas Profit Margin is likely to drop (0.05) in 2024. At this time, InnovAge Holding's Tax Liabilities is fairly stable as compared to the past year.
  
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.

InnovAge Holding Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. InnovAge target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. InnovAge Holding's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   4  Hold
Most InnovAge analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand InnovAge stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of InnovAge Holding Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

InnovAge Holding Target Price Projection

InnovAge Holding's current and average target prices are 5.14 and 7.50, respectively. The current price of InnovAge Holding is the price at which InnovAge Holding Corp is currently trading. On the other hand, InnovAge Holding's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

InnovAge Holding Market Quote on 22nd of February 2024

Low Price4.95Odds
High Price5.43Odds

5.14

Target Price

Analyst Consensus On InnovAge Holding Target Price

Low Estimate6.83Odds
High Estimate8.33Odds

7.5

Historical Lowest Forecast  6.83 Target Price  7.5 Highest Forecast  8.33
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on InnovAge Holding Corp and the information provided on this page.

InnovAge Holding Analyst Ratings

InnovAge Holding's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about InnovAge Holding stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of InnovAge Holding's financials, market performance, and future outlook by experienced professionals. InnovAge Holding's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of InnovAge Holding's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of InnovAge Holding in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
1.215.149.07
Details
Intrinsic
Valuation
LowRealHigh
1.215.149.07
Details
Naive
Forecast
LowNextHigh
1.275.209.13
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.04-0.03-0.03
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as InnovAge Holding. Your research has to be compared to or analyzed against InnovAge Holding's peers to derive any actionable benefits. When done correctly, InnovAge Holding's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in InnovAge Holding Corp.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Adviser Favorites Idea
Adviser Favorites
Invested over 20 shares
Momentum Idea
Momentum
Invested few shares
Automobiles and Trucks Idea
Automobiles and Trucks
Invested over 200 shares
When determining whether InnovAge Holding Corp is a strong investment it is important to analyze InnovAge Holding's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact InnovAge Holding's future performance. For an informed investment choice regarding InnovAge Stock, refer to the following important reports:
Check out Macroaxis Advice on InnovAge Holding to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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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.
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The data published in InnovAge Holding's official financial statements usually reflect InnovAge Holding's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of InnovAge Holding Corp. For example, before you start analyzing numbers published by InnovAge accountants, it's critical to develop an understanding of what InnovAge Holding's liquidity, profitability, and earnings quality are in the context of the Health Care Equipment & Supplies space in which it operates.
Please note, the presentation of InnovAge Holding's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, InnovAge Holding's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in InnovAge Holding's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of InnovAge Holding Corp. Please utilize our Beneish M Score to check the likelihood of InnovAge Holding's management manipulating its earnings.