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Aramark has a consensus price target of $38.16 based on the ratings of 16 analysts. The high is $49 issued by Bernstein on July 17, 2023. The low is $29 issued by Jefferies on October 9, 2023. The 3 most-recent analyst ratings were released by Truist Securities, JP Morgan, and Morgan Stanley on September 12, 2024, September 9, 2024, and September 9, 2024, respectively. With an average price target of $40.33 between Truist Securities, JP Morgan, and Morgan Stanley, there's an implied 5.67% upside for Aramark from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Aramark (NYSE:ARMK) was reported by Truist Securities on September 12, 2024. The analyst firm set a price target for $42.00 expecting ARMK to rise to within 12 months (a possible 10.03% upside). 30 analyst firms have reported ratings in the last year.
The latest analyst rating for Aramark (NYSE:ARMK) was provided by Truist Securities, and Aramark maintained their buy rating.
The last upgrade for Aramark happened on August 7, 2024 when Deutsche Bank raised their price target to $39. Deutsche Bank previously had a hold for Aramark.
The last downgrade for Aramark happened on September 17, 2021 when Barclays changed their price target from $35 to $32 for Aramark.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Aramark, 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 Aramark was filed on September 12, 2024 so you should expect the next rating to be made available sometime around September 12, 2025.
While ratings are subjective and will change, the latest Aramark (ARMK) rating was a maintained with a price target of $37.00 to $42.00. The current price Aramark (ARMK) is trading at is $38.17, which is within the analyst’s predicted range.
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