ABB (ABBNY) Stock Forecast & Price Target

$56.13 +0.13 (+0.23%)

(As of 11/22/2024 ET)

ABB - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 3 Analyst Ratings

Sell
0

Hold
3

Buy
0

Based on 3 Wall Street analysts who have issued ratings for ABB in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 3 have given a hold rating for ABBNY.

Consensus Price Target

N/A

Get the Latest News and Ratings for ABBNY and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for ABB and its competitors.

ABBNY Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Hold	Hold	Moderate Buy	Sell

50-year Wall Street legend: “Sell this tech stock NOW” (Ad)

Something very strange is happening to U.S. stocks following President Trump's victory... And this could spell disaster for some of America's favorite tech companies.

You can watch for it for free, right here.

ABBNY 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.

ABBNY 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.

ABB Stock vs. The Competition

Type	ABB	Industrial Products Companies	S&P 500
Consensus Rating Score	2.00	2.58	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	N/A	37.47% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent ABBNY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating
10/29/2024	The Goldman Sachs Group 2 of 5 stars	D. Costa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/2/2024	Citigroup 3 of 5 stars	M. Wilkie Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
1/9/2024	TD Cowen 4 of 5 stars		Downgrade	Outperform ➝ Market Perform
11/30/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:09 AM ET.

Should I Buy ABB Stock? ABBNY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these ABB pros and cons to contact@marketbeat.com.

ABB
Bull Case

Here are some ways that investors could benefit from investing in ABB Ltd:

ABB Ltd has a strong market capitalization of approximately $103.13 billion, indicating a robust financial position and potential for growth.
The company recently reported quarterly earnings of $0.51 per share, which, despite missing estimates, reflects ongoing revenue generation of $8.15 billion, showcasing its operational scale.
ABB Ltd's stock price is currently around $57.53, having recently crossed above its 200-day moving average, which can be a positive indicator for potential upward momentum in stock performance.
With a return on equity of 27.83%, ABB Ltd demonstrates effective management of shareholder equity, suggesting strong profitability relative to its equity base.
The company operates in diverse sectors, providing electrification, motion, and automation solutions, which positions it well to capitalize on various market opportunities globally.

ABB
Bear Case

Investors should be bearish about investing in ABB Ltd for these reasons:

Recent downgrades from analysts, including The Goldman Sachs Group and Citigroup, from "strong-buy" to "hold" ratings may indicate a lack of confidence in the stock's short-term performance.
The stock has shown volatility, with a recent trading down of 0.7%, which could suggest instability and risk for potential investors.
ABB Ltd's earnings per share of $0.51 fell short of the consensus estimate of $0.55, raising concerns about its ability to meet market expectations consistently.
The company has a quick ratio of 0.88, which is below 1, indicating potential liquidity issues in meeting short-term obligations without selling inventory.
With a price-to-earnings ratio of 26.52, the stock may be considered overvalued compared to its earnings, which could deter value-focused investors.

ABBNY Forecast - Frequently Asked Questions

: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ABB in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ABBNY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBNY, but not buy additional shares or sell existing shares.
: According to analysts, ABB's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, ABB's stock had 2 downgrades by analysts.
: ABB has been rated by research analysts at Citigroup, and The Goldman Sachs Group in the past 90 days.
: Analysts like ABB less than other "industrial products" companies. The consensus rating for ABB is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how ABBNY compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

50-year Wall Street legend: “Sell this tech stock NOW” (Ad)

Something very strange is happening to U.S. stocks following President Trump's victory... And this could spell disaster for some of America's favorite tech companies.

You can watch for it for free, right here.

This page (NYSE:ABBNY) was last updated on 11/23/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

ABB (ABBNY) Stock Forecast & Price Target