Summit Hotel Properties Inc has a consensus price target of $9.38 based on the ratings of 6 analysts. The high is $11 issued by Deutsche Bank on October 25, 2022. The low is $8 issued by Baird on January 12, 2023. The 3 most-recent analyst ratings were released by Raymond James, Baird, and Deutsche Bank on March 29, 2023, January 12, 2023, and October 25, 2022, respectively. With an average price target of $9.17 between Raymond James, Baird, and Deutsche Bank, there's an implied 50.77% upside for Summit Hotel Properties Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Summit Hotel Properties (NYSE:INN) was reported by Wolfe Research on January 10, 2024. The analyst firm set a price target for $0.00 expecting INN to fall to within 12 months (a possible -100.00% downside). 1 analyst firms have reported ratings in the last year.
The latest analyst rating for Summit Hotel Properties (NYSE:INN) was provided by Wolfe Research, and Summit Hotel Properties initiated their peer perform rating.
There is no last upgrade for Summit Hotel Properties
The last downgrade for Summit Hotel Properties Inc happened on January 12, 2023 when Baird changed their price target from $10 to $8 for Summit Hotel Properties Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Summit Hotel Properties, 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 Summit Hotel Properties was filed on January 10, 2024 so you should expect the next rating to be made available sometime around January 10, 2025.
While ratings are subjective and will change, the latest Summit Hotel Properties (INN) rating was a initiated with a price target of $0.00 to $0.00. The current price Summit Hotel Properties (INN) is trading at is $6.08, which is out of the analyst’s predicted range.
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