ScanSource Inc has a consensus price target of $35.5, established from looking at the 8 latest analyst ratings. The last 3 analyst ratings were released from Northcoast Research, Raymond James, and Northcoast Research on December 19, 2023, November 10, 2023, and August 23, 2023. With an average price target of $23.67 between Northcoast Research, Raymond James, and Northcoast Research, there's an implied -46.26% downside for ScanSource Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
12/19/2023 | SCSC | Buy Now | ScanSource | $44.04 | -18.26% | Northcoast Research | Keith Housum | → $36 | Downgrade | Buy → Neutral | Get Alert |
11/10/2023 | SCSC | Buy Now | ScanSource | $44.04 | -20.53% | Raymond James | Adam Tindle | $40 → $35 | Maintains | Outperform | Get Alert |
08/23/2023 | SCSC | Buy Now | ScanSource | $44.04 | — | Northcoast Research | Keith Housum | — | Upgrade | Neutral → Buy | Get Alert |
11/09/2022 | SCSC | Buy Now | ScanSource | $44.04 | -9.17% | Raymond James | Adam Tindle | $44 → $40 | Maintains | Outperform | Get Alert |
11/10/2021 | SCSC | Buy Now | ScanSource | $44.04 | -0.09% | Raymond James | Adam Tindle | — | Maintains | Outperform | Get Alert |
08/25/2021 | SCSC | Buy Now | ScanSource | $44.04 | -9.17% | Raymond James | Adam Tindle | — | Maintains | Outperform | Get Alert |
07/28/2021 | SCSC | Buy Now | ScanSource | $44.04 | — | Northcoast Research | Keith Housum | — | Upgrade | Neutral → Buy | Get Alert |
05/11/2021 | SCSC | Buy Now | ScanSource | $44.04 | -20.53% | Raymond James | Adam Tindle | — | Maintains | Outperform | Get Alert |
The latest price target for ScanSource (NASDAQ: SCSC) was reported by Northcoast Research on December 19, 2023. The analyst firm set a price target for $36.00 expecting SCSC to fall to within 12 months (a possible -18.26% downside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for ScanSource (NASDAQ: SCSC) was provided by Northcoast Research, and ScanSource downgraded their neutral 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 December 19, 2023 when Northcoast Research changed their price target from N/A to $36 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 December 19, 2023 so you should expect the next rating to be made available sometime around December 19, 2024.
While ratings are subjective and will change, the latest ScanSource (SCSC) rating was a downgraded with a price target of $0.00 to $36.00. The current price ScanSource (SCSC) is trading at is $44.04, which is out of the analyst’s predicted range.
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