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Altus Midstream (ALTM) Stock Forecast & Price Target

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ALTM Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
N/A
Buy
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
N/A
Hold
13 Hold rating(s)
12 Hold rating(s)
8 Hold rating(s)
N/A
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
N/A
Consensus Price Target$5.37$5.21$5.58N/A
Forecasted Upside3.13% Upside-5.84% Downside100.89% UpsideN/A
Consensus Rating
Hold
Hold
Hold
N/A

ALTM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ALTM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Altus Midstream Stock vs. The Competition

TypeAltus MidstreamBasic Materials CompaniesS&P 500
Consensus Rating Score
2.18
2.76
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside3.13% Upside121.39% Upside9.87% Upside
News Sentiment Rating
Neutral News

See Recent ALTM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/12/2024B. Riley
4 of 5 stars
 Reiterated RatingBuy ➝ Neutral$5.00 ➝ $5.85+8.94%
11/11/2024Scotiabank
5 of 5 stars
 DowngradeSector Outperform ➝ Sector Perform$5.85+9.14%
10/15/2024Macquarie
2 of 5 stars
 Reiterated RatingOutperform ➝ Neutral$5.85+5.60%
10/11/2024KeyCorp
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 Reiterated RatingOverweight ➝ Sector Weight$8.00 ➝ $8.00+44.67%
10/10/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$4.00 ➝ $5.85+5.41%
10/10/2024HSBC
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 Reiterated RatingBuy ➝ Hold
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10/7/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$3.00 ➝ $4.30+39.61%
9/20/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$3.10 ➝ $3.10+24.00%
9/3/2024UBS Group
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 Initiated CoverageNeutral$3.00+10.70%
8/22/2024Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$3.00+4.17%
8/21/2024Piper Sandler
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 Lower TargetUnderweight ➝ Underweight$3.75 ➝ $3.25+21.72%
6/27/2024The Goldman Sachs Group
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 Initiated CoverageNeutral$4.30+20.11%
5/3/2024Argus
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 Initiated CoverageBuy$6.25+32.14%
4/3/2024Raymond James
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 UpgradeOutperform ➝ Strong-Buy$9.00+117.39%
3/1/2024Wolfe Research
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 Initiated CoveragePeer Perform
1/29/2024JPMorgan Chase & Co.
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 Initiated CoverageNeutral$5.00-1.77%
1/10/2024Vertical Research
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 Initiated CoverageHold$8.00+22.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:53 PM ET.


ALTM Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Altus Midstream is $5.37, with a high forecast of $9.00 and a low forecast of $3.00.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altus Midstream in the last twelve months. There is currently 1 sell rating, 13 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ALTM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTM, but not buy additional shares or sell existing shares.

According to analysts, Altus Midstream's stock has a predicted upside of 3.13% based on their 12-month stock forecasts.

Over the previous 90 days, Altus Midstream's stock had 1 downgrade by analysts.

Altus Midstream has been rated by research analysts at B. Riley, BMO Capital Markets, HSBC, KeyCorp, Macquarie, Mizuho, Royal Bank of Canada, Scotiabank, and UBS Group in the past 90 days.

Analysts like Altus Midstream less than other "basic materials" companies. The consensus rating for Altus Midstream is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how ALTM compares to other companies.


This page (NASDAQ:ALTM) was last updated on 11/21/2024 by MarketBeat.com Staff
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