Granite Ridge Stock Target Price and Analyst Consensus
| GRNT Stock | USD 5.93 0.03 0.50% |
The current analyst and expert consensus on Granite Ridge is Buy, with 2 strong buy opinions. The current projected Granite Ridge target price consensus is 8.50 with 5 analyst opinions. The most common way Granite Ridge Resources analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Granite Ridge executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Granite Ridge. We strongly encourage you to use your own analysis of Granite Ridge Resources to validate this buy or sell advice. Granite Ridge buy-or-sell recommendation module provides average expert sentiment on the projected Granite Ridge Resources target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Granite Ridge to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast 7.74 | Highest Forecast 9.44 | Target Price 8.5 |
Granite |
It's important to approach Granite Ridge's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Granite Ridge price targets
Granite Ridge's stock target price is an estimate of its future price, usually made by analysts. Using Granite Ridge's target price to determine if it is a suitable investment can be done through the following steps:- Look at Granite Ridge's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Granite Ridge's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Granite Ridge Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Granite Ridge is a key component of Granite Ridge valuation and have some predictive power on the future returns of a Granite Ridge.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Granite Ridge's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Macroaxis Index Invested over 500 shares | |
 | Warren Buffett Holdings Invested over 500 shares | |
 | Artificial Intelligence Invested over 100 shares | |
Additional Tools for Granite Stock Analysis
When running Granite Ridge's price analysis, check to measure Granite Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.