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Karooooo Ltd has a consensus price target of $35.33 based on the ratings of 3 analysts. The high is $40 issued by Stifel on March 21, 2022. The low is $29 issued by Raymond James on January 24, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley on July 11, 2024, April 22, 2024, and January 24, 2024, respectively. With an average price target of $33 between Morgan Stanley, there's an implied -15.60% downside for Karooooo Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Karooooo (NASDAQ:KARO) was reported by Morgan Stanley on July 11, 2024. The analyst firm set a price target for $37.00 expecting KARO to fall to within 12 months (a possible -5.37% downside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Karooooo (NASDAQ:KARO) was provided by Morgan Stanley, and Karooooo maintained their overweight rating.
There is no last upgrade for Karooooo
There is no last downgrade for Karooooo.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Karooooo, 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 Karooooo was filed on July 11, 2024 so you should expect the next rating to be made available sometime around July 11, 2025.
While ratings are subjective and will change, the latest Karooooo (KARO) rating was a maintained with a price target of $31.00 to $37.00. The current price Karooooo (KARO) is trading at is $39.10, which is out of the analyst’s predicted range.
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