Applied Industrial Technologies, Inc. (AIT)
NYSE: AIT · IEX Real-Time Price · USD
172.69
-1.47 (-0.84%)
Dec 29, 2023, 4:00 PM EST - Market closed
Applied Industrial Technologies Stock Forecast
Stock Price Forecast
According to 3 stock analysts, the average 12-month stock price forecast for Applied Industrial Technologies stock is $180.33, which predicts an increase of 4.42%. The lowest target is $174 and the highest is $185. On average, analysts rate Applied Industrial Technologies stock as a strong buy.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 14, 2023.
Analyst Ratings
The average analyst rating for Applied Industrial Technologies stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '23 | Aug '23 | Sep '23 | Oct '23 | Nov '23 | Dec '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Loop Capital | Loop Capital | Strong Buy Maintains $170 → $174 | Strong Buy | Maintains | $170 → $174 | +0.76% | Aug 14, 2023 |
| Baird | Baird | Buy Maintains $161 → $185 | Buy | Maintains | $161 → $185 | +7.13% | Aug 11, 2023 |
| Keybanc | Keybanc | Buy Maintains $162 → $182 | Buy | Maintains | $162 → $182 | +5.39% | Aug 11, 2023 |
| Baird | Baird | Buy Maintains $160 → $161 | Buy | Maintains | $160 → $161 | -6.77% | Apr 28, 2023 |
| Baird | Baird | Hold → Buy Upgrades $160 | Hold → Buy | Upgrades | $160 | -7.35% | Mar 17, 2023 |
Financial Forecast
Revenue This Year
4.56B
from 4.41B
Increased by 3.36%
Revenue Next Year
4.75B
from 4.56B
Increased by 4.14%
EPS This Year
9.57
from 8.84
Increased by 8.31%
EPS Next Year
10.09
from 9.57
Increased by 5.38%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.8B | 4.9B | 5.2B |
| Avg | 4.6B | 4.8B | 5.0B |
| Low | 4.4B | 4.6B | 4.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.3% | 8.4% | 9.1% |
| Avg | 3.4% | 4.1% | 5.0% |
| Low | -0.9% | 0.8% | 1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.07 | 10.50 | 11.34 |
| Avg | 9.57 | 10.09 | 10.91 |
| Low | 9.16 | 9.77 | 10.58 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.9% | 9.7% | 12.4% |
| Avg | 8.3% | 5.4% | 8.1% |
| Low | 3.7% | 2.0% | 4.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.