PLUG Crosses Above Average Analyst Target

Core Viewpoint - Plug Power Inc's shares have surpassed the average analyst 12-month target price of $2.85, currently trading at $3.15, prompting analysts to consider either downgrading their valuation or raising their target price based on the company's fundamental developments [1][3]. Analyst Target Summary - There are 20 different analyst targets for Plug Power Inc, with the lowest target at $1.40 and the highest at $5.00, resulting in a standard deviation of $1.206 [2]. - The average target price reflects a collective assessment, suggesting that investors should evaluate whether the current price is a stepping stone to higher targets or if it indicates a need to reconsider their positions [3]. Analyst Ratings Breakdown - The current analyst ratings for Plug Power Inc are as follows: 6 Strong Buy, 0 Buy, 16 Hold, 1 Sell, and 3 Strong Sell, with an average rating of 2.8 on a scale where 1 is Strong Buy and 5 is Strong Sell [4]. - The average rating has remained stable at 2.8 over the past month, indicating consistent analyst sentiment [4].