Is Encore Wire Stock a good buy in 2024, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: WIRE) stock is to Hold WIRE stock.
Out of 2 analysts, 0 (0%) are recommending WIRE as a Strong Buy, 0 (0%) are recommending WIRE as a Buy, 2 (100%) are recommending WIRE as a Hold, 0 (0%) are recommending WIRE as a Sell, and 0 (0%) are recommending WIRE as a Strong Sell.
According to 2 Wall Street analysts that have issued a 1 year WIRE price target, the average WIRE price target is $292.50, with the highest WIRE stock price forecast at $295.00 and the lowest WIRE stock price forecast at $290.00.
On average, Wall Street analysts predict that Encore Wire's share price could reach $292.50 by Apr 16, 2025. The average Encore Wire stock price prediction forecasts a potential upside of 2.97% from the current WIRE share price of $284.06.
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