Carter's (CRI) Stock Forecast & Price Target

$64.98

-1.68 (-2.52%)

(As of 09/30/2024 ET)

Carter's - 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

Reduce

Based on 7 Analyst Ratings

Sell
2

Hold
5

Buy
0

Based on 7 Wall Street analysts who have issued ratings for Carter's in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 7 analysts, 2 have given a sell rating, and 5 have given a hold rating for CRI.

Consensus Price Target

$71.17
9.52% Upside

According to the 7 analysts' twelve-month price targets for Carter's, the average price target is $71.17. The highest price target for CRI is $80.00, while the lowest price target for CRI is $54.00. The average price target represents a forecasted upside of 9.52% from the current price of $64.98.

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CRI Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
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)	0 Buy rating(s)	0 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$71.17	$70.50	$73.80	$71.00
Forecasted Upside	9.52% Upside	6.98% Upside	19.57% Upside	4.15% Upside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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CRI 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.

CRI 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.

Carter's Stock vs. The Competition

Type	Carter's	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	1.71	2.55	2.50
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	9.52% Upside	1,167.72% Upside	6.15% Upside
News Sentiment Rating	Positive News See Recent CRI 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	Action	Rating	Price Target	Upside/Downside on Report Date
9/9/2024	Wells Fargo & Company 3 of 5 stars	Boost Target	Equal Weight ➝ Equal Weight	$60.00 ➝ $72.00	+3.55%
7/29/2024	Bank of America 4 of 5 stars	Lower Target	Underperform ➝ Underperform	$65.00 ➝ $54.00	-5.69%
4/18/2024	Citigroup 3 of 5 stars	Lower Target	Sell ➝ Sell	$66.00 ➝ $64.00	-10.49%
2/28/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$76.00 ➝ $79.00	-3.62%
2/28/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$70.00 ➝ $80.00	-2.37%
2/26/2024	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
2/23/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$67.00 ➝ $78.00	-5.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:38 AM ET.

CRI Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Carter's is $71.17, with a high forecast of $80.00 and a low forecast of $54.00.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carter's in the last year. There are currently 2 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CRI shares.
: According to analysts, Carter's's stock has a predicted upside of 9.52% based on their 12-month stock forecasts.
: Carter's has been rated by research analysts at Bank of America, and Wells Fargo & Company in the past 90 days.
: Analysts like Carter's less than other "consumer discretionary" companies. The consensus rating for Carter's is Reduce while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how CRI compares to other companies.