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Reliance Inc has a consensus price target of $313.25 based on the ratings of 9 analysts. The high is $380 issued by Citigroup on April 11, 2024. The low is $245 issued by Goldman Sachs on February 21, 2023. The 3 most-recent analyst ratings were released by Goldman Sachs, BMO Capital, and Keybanc on December 2, 2024, October 25, 2024, and October 14, 2024, respectively. With an average price target of $332 between Goldman Sachs, BMO Capital, and Keybanc, there's an implied 22.57% upside for Reliance Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Reliance (NYSE:RS) was reported by Goldman Sachs on December 2, 2024. The analyst firm set a price target for $341.00 expecting RS to rise to within 12 months (a possible 25.90% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Reliance (NYSE:RS) was provided by Goldman Sachs, and Reliance initiated their neutral rating.
The last upgrade for Reliance Inc happened on April 29, 2022 when Wolfe Research raised their price target to $226. Wolfe Research previously had a peer perform for Reliance Inc.
The last downgrade for Reliance Inc happened on July 26, 2024 when Wolfe Research changed their price target from N/A to N/A for Reliance Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Reliance, 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 Reliance was filed on December 2, 2024 so you should expect the next rating to be made available sometime around December 2, 2025.
While ratings are subjective and will change, the latest Reliance (RS) rating was a initiated with a price target of $0.00 to $341.00. The current price Reliance (RS) is trading at is $270.86, which is within the analyst’s predicted range.
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