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Cactus Inc has a consensus price target of $56.5 based on the ratings of 10 analysts. The high is $67 issued by Stifel on October 11, 2024. The low is $48 issued by B of A Securities on October 14, 2024. The 3 most-recent analyst ratings were released by Barclays, B of A Securities, and Stifel on November 4, 2024, October 14, 2024, and October 11, 2024, respectively. With an average price target of $58.67 between Barclays, B of A Securities, and Stifel, there's an implied -14.29% downside for Cactus Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cactus (NYSE:WHD) was reported by Barclays on November 4, 2024. The analyst firm set a price target for $61.00 expecting WHD to fall to within 12 months (a possible -10.88% downside). 11 analyst firms have reported ratings in the last year.
The latest analyst rating for Cactus (NYSE:WHD) was provided by Barclays, and Cactus downgraded their equal-weight rating.
The last upgrade for Cactus Inc happened on October 17, 2023 when Barclays raised their price target to N/A. Barclays previously had an equal-weight for Cactus Inc.
The last downgrade for Cactus Inc happened on November 4, 2024 when Barclays changed their price target from $61 to $61 for Cactus Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cactus, 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 Cactus was filed on November 4, 2024 so you should expect the next rating to be made available sometime around November 4, 2025.
While ratings are subjective and will change, the latest Cactus (WHD) rating was a downgraded with a price target of $61.00 to $61.00. The current price Cactus (WHD) is trading at is $68.45, which is out of the analyst’s predicted range.
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