UPS Stock Has 22% Upside, According to 1 Wall Street Analyst
UPS' (NYSE: UPS) management didn't get the response to the Investor Day presentation it would have liked. It probably thought its presentation would focus investor's minds on its three-year financial targets and its strategic initiatives (such as growing its small and medium-sized business and healthcare revenue while investing in technology to improve productivity).
Instead, many investors were left doubting the viability of its full-year 2024 guidance. A Deutsche Bank analyst maintained a "buy" rating on the stock but lowered the price target to $179 from $183 and noted the significant profit increase needed to meet its guidance through 2024.
The analyst has a point. While there was no change to the full-year guidance (management still expects adjusted year-over-year operating profit to be down 20%-30% in the first half and up 20%-30% in the second), investors were left surprised by CFO Brian Newman's guidance to expect adjusted operating profit to fall 40% year over year in Q1.
Source Fool.com
United Parcel Service Inc. Stock
We see a rather positive sentiment for United Parcel Service Inc. with 20 Buy predictions and 1 Sell predictions.
With a target price of 147 € there is a positive potential of 27.56% for United Parcel Service Inc. compared to the current price of 115.24 €.
