Consensus Rating1
Overweight
Highest Price Target1
$19.00
Lowest Price Target1
$16.00
Consensus Price Target1
$17.50

Elme (NYSE:ELME) Stock, Analyst Ratings, Price Targets, Forecasts

Elme Communities has a consensus price target of $17.5 based on the ratings of 6 analysts. The high is $19 issued by JP Morgan on September 16, 2024. The low is $16 issued by Truist Securities on May 15, 2024. The 3 most-recent analyst ratings were released by JP Morgan, Wells Fargo, and Truist Securities on September 16, 2024, September 13, 2024, and May 15, 2024, respectively. With an average price target of $17.33 between JP Morgan, Wells Fargo, and Truist Securities, there's an implied 9.01% upside for Elme Communities from these most-recent analyst ratings.

Analyst Trends and Forecast
1
1
Sep
0
0
0
0
Oct
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.0
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

JP Morgan
Wells Fargo
Truist Securities
JP Morgan

1calculated from analyst ratings

Analyst Ratings for Elme

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FAQ

Q

What is the target price for Elme (ELME) stock?

A

The latest price target for Elme (NYSE:ELME) was reported by Wolfe Research on October 21, 2024. The analyst firm set a price target for $0.00 expecting ELME to fall to within 12 months (a possible -100.00% downside). 5 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Elme (ELME)?

A

The latest analyst rating for Elme (NYSE:ELME) was provided by Wolfe Research, and Elme initiated their peer perform rating.

Q

When was the last upgrade for Elme (ELME)?

A

The last upgrade for Elme Communities happened on December 18, 2023 when JP Morgan raised their price target to $18. JP Morgan previously had a neutral for Elme Communities.

Q

When was the last downgrade for Elme (ELME)?

A

The last downgrade for Elme Communities happened on January 11, 2023 when BTIG changed their price target from N/A to N/A for Elme Communities.

Q

When is the next analyst rating going to be posted or updated for Elme (ELME)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Elme, 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 Elme was filed on October 21, 2024 so you should expect the next rating to be made available sometime around October 21, 2025.

Q

Is the Analyst Rating Elme (ELME) correct?

A

While ratings are subjective and will change, the latest Elme (ELME) rating was a initiated with a price target of $0.00 to $0.00. The current price Elme (ELME) is trading at is $15.90, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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