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Altus Power Inc has a consensus price target of $5.89 based on the ratings of 10 analysts. The high is $10 issued by Northland Capital Markets on November 30, 2023. The low is $4 issued by Morgan Stanley on August 21, 2024. The 3 most-recent analyst ratings were released by Citigroup, Roth MKM, and Morgan Stanley on October 22, 2024, October 16, 2024, and August 21, 2024, respectively. With an average price target of $4.67 between Citigroup, Roth MKM, and Morgan Stanley, there's an implied 16.67% upside for Altus Power Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Altus Power (NYSE:AMPS) was reported by Citigroup on October 22, 2024. The analyst firm set a price target for $5.50 expecting AMPS to rise to within 12 months (a possible 37.50% upside). 18 analyst firms have reported ratings in the last year.
The latest analyst rating for Altus Power (NYSE:AMPS) was provided by Citigroup, and Altus Power maintained their buy rating.
The last upgrade for Altus Power Inc happened on January 10, 2023 when Morgan Stanley raised their price target to $12. Morgan Stanley previously had an equal-weight for Altus Power Inc.
The last downgrade for Altus Power Inc happened on August 21, 2024 when Morgan Stanley changed their price target from $8 to $4 for Altus Power Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Altus Power, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Altus Power was filed on October 22, 2024 so you should expect the next rating to be made available sometime around October 22, 2025.
While ratings are subjective and will change, the latest Altus Power (AMPS) rating was a maintained with a price target of $7.00 to $5.50. The current price Altus Power (AMPS) is trading at is $4.00, which is out of the analyst’s predicted range.
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