Absolute Software (ABST) Stock Forecast, Price Target & Predictions
ABST Stock Forecast
Absolute Software stock forecast is as follows: an average price target of $13.83 (represents a 20.37% upside from ABST’s last price of $11.49) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
ABST Price Target
The average price target for Absolute Software (ABST) is $13.83 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $16.00 to $11.50. This represents a potential 20.37% upside from ABST's last price of $11.49.
ABST Analyst Ratings
According to 2 Wall Street analysts, Absolute Software's rating consensus is 'Buy'. The analyst rating breakdown for ABST stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Absolute Software Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 12, 2022 | Scott Berg | Needham | $14.00 | $11.02 | 27.04% | 21.85% |
| Aug 24, 2022 | Thanos Moschopoulos | BMO Capital | $11.50 | $12.23 | -5.97% | 0.09% |
| Aug 24, 2022 | Adam Tindle | Raymond James | $16.00 | $12.23 | 30.83% | 39.25% |
The latest Absolute Software stock forecast, released on Oct 12, 2022 by Scott Berg from Needham, set a price target of $14.00, which represents a 27.04% increase from the stock price at the time of the forecast ($11.02), and a 21.85% increase from ABST last price ($11.49).
Absolute Software Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $11.49 | $11.49 | $11.49 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Absolute Software stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Absolute Software's last price of $11.49. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 12, 2022 | Needham | Buy | Buy | Hold |
| Aug 24, 2022 | Raymond James | Outperform | Outperform | Hold |
Absolute Software's last stock rating was published by Needham on Oct 12, 2022. The company gave ABST a "Buy" rating, the same as its previous rate.
Absolute Software Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ONTF | ON24 | $5.94 | $18.00 | 203.03% | - |
| AMSWA | American Software | $10.95 | $15.50 | 41.55% | Buy |
| PYCR | Paycor HCM | $15.71 | $22.00 | 40.04% | Hold |
| APPF | AppFolio | $212.00 | $278.00 | 31.13% | Buy |
| ALKT | Alkami | $36.53 | $45.67 | 25.02% | Buy |
| ABST | Absolute Software | $11.49 | $13.83 | 20.37% | Buy |
| AGYS | Agilysys | $102.95 | $116.20 | 12.87% | Buy |
| ENV | Envestnet | $62.79 | $67.86 | 8.07% | Hold |
| NCNO | nCino | $36.82 | $39.00 | 5.92% | Buy |
| CWAN | Clearwater Analytics | $26.31 | $26.33 | 0.08% | Buy |
| MLNK | MeridianLink | $23.09 | $20.00 | -13.38% | Buy |
ABST Forecast FAQ
Is Absolute Software a good buy?
Yes, according to 2 Wall Street analysts, Absolute Software (ABST) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of ABST's total ratings.
What is ABST's price target?
Absolute Software (ABST) average price target is $13.83 with a range of $11.5 to $16, implying a 20.37% from its last price of $11.49. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Absolute Software stock go up soon?
According to Wall Street analysts' prediction for ABST stock, the company can go up by 20.37% (from the last price of $11.49 to the average price target of $13.83), up by 39.25% based on the highest stock price target, and up by 0.09% based on the lowest stock price target.
Can Absolute Software stock reach $20?
ABST's average twelve months analyst stock price target of $13.83 does not support the claim that Absolute Software can reach $20 in the near future.