Over the past 3 months, 5 analysts have published their opinion on Avantax (NASDAQ:AVTA) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

	Bullish	Somewhat Bullish	Indifferent
Total Ratings	1	3	1
Last 30D	0	0	1
1M Ago	0	0	0
2M Ago	1	2	0
3M Ago	0	1	0

In the last 3 months, 5 analysts have offered 12-month price targets for Avantax. The company has an average price target of $29.1 with a high of $32.50 and a low of $26.00.

Below is a summary of how these 5 analysts rated Avantax over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This current average has decreased by 3.39% from the previous average price target of $30.12.

Stay up to date on Avantax analyst ratings.

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How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.