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Steelcase Inc has a consensus price target of $17 based on the ratings of 3 analysts. The high is $18 issued by Benchmark on June 24, 2024. The low is $16 issued by Noble Capital Markets on October 9, 2024. The 3 most-recent analyst ratings were released by Noble Capital Markets, Benchmark, and Benchmark on October 9, 2024, June 24, 2024, and June 21, 2024, respectively. With an average price target of $17.33 between Noble Capital Markets, Benchmark, and Benchmark, there's an implied 30.62% upside for Steelcase Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Steelcase (NYSE:SCS) was reported by Noble Capital Markets on October 9, 2024. The analyst firm set a price target for $16.00 expecting SCS to rise to within 12 months (a possible 20.57% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Steelcase (NYSE:SCS) was provided by Noble Capital Markets, and Steelcase initiated their outperform rating.
The last upgrade for Steelcase Inc happened on June 14, 2024 when Benchmark raised their price target to $17. Benchmark previously had a hold for Steelcase Inc.
The last downgrade for Steelcase Inc happened on November 30, 2022 when Benchmark changed their price target from N/A to N/A for Steelcase Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Steelcase, 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 Steelcase was filed on October 9, 2024 so you should expect the next rating to be made available sometime around October 9, 2025.
While ratings are subjective and will change, the latest Steelcase (SCS) rating was a initiated with a price target of $0.00 to $16.00. The current price Steelcase (SCS) is trading at is $13.27, which is within the analyst’s predicted range.
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