ScanSource Inc has a consensus price target of $36 based on the ratings of 2 analysts. The high is $36 issued by Northcoast Research on December 19, 2023. The low is $36 issued by Northcoast Research on December 19, 2023. The 3 most-recent analyst ratings were released by Northcoast Research, Raymond James, and Raymond James on December 19, 2023, November 10, 2023, and November 9, 2022, respectively. With an average price target of $37 between Northcoast Research, Raymond James, and Raymond James, there's an implied -24.32% downside for ScanSource Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for ScanSource (NASDAQ:SCSC) was reported by Raymond James on August 15, 2024. The analyst firm set a price target for $0.00 expecting SCSC to fall to within 12 months (a possible -100.00% downside). 2 analyst firms have reported ratings in the last year.
The latest analyst rating for ScanSource (NASDAQ:SCSC) was provided by Raymond James, and ScanSource downgraded their market perform rating.
The last upgrade for ScanSource Inc happened on August 23, 2023 when Northcoast Research raised their price target to N/A. Northcoast Research previously had a neutral for ScanSource Inc.
The last downgrade for ScanSource Inc happened on August 15, 2024 when Raymond James changed their price target from N/A to N/A for ScanSource Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of ScanSource, 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 ScanSource was filed on August 15, 2024 so you should expect the next rating to be made available sometime around August 15, 2025.
While ratings are subjective and will change, the latest ScanSource (SCSC) rating was a downgraded with a price target of $0.00 to $0.00. The current price ScanSource (SCSC) is trading at is $48.89, which is out of the analyst’s predicted range.
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