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.
1calculated from analyst ratings
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.
The latest analyst rating for Elme (NYSE:ELME) was provided by Wolfe Research, and Elme initiated their peer perform rating.
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.
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.
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.
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.
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