Applied Industrial Technologies, Inc. (AIT)
NYSE: AIT · Real-Time Price · USD
240.58
-2.87 (-1.18%)
Dec 20, 2024, 4:00 PM EST - Market closed
Applied Industrial Technologies Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for AIT stock have an average target of 284.38, with a low estimate of 250 and a high estimate of 325. The average target predicts an increase of 18.21% from the current stock price of 240.58.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Applied Industrial Technologies stock from 8 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 '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Buy | 3 | 3 | 5 | 6 | 6 | 6 |
| Hold | 0 | 0 | 0 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 6 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $275 → $325 | Buy | Maintains | $275 → $325 | +35.09% | Dec 3, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $285 → $315 | Hold → Strong Buy | Upgrades | $285 → $315 | +30.93% | Nov 26, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $260 → $305 | Buy | Maintains | $260 → $305 | +26.78% | Nov 14, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $230 → $270 | Strong Buy | Maintains | $230 → $270 | +12.23% | Oct 28, 2024 |
| Raymond James | Raymond James | Buy Maintains $225 → $250 | Buy | Maintains | $225 → $250 | +3.92% | Oct 25, 2024 |
Financial Forecast
Revenue This Year
4.59B
from 4.48B
Increased by 2.47%
Revenue Next Year
4.85B
from 4.59B
Increased by 5.66%
EPS This Year
9.89
from 9.83
Increased by 0.63%
EPS Next Year
10.74
from 9.89
Increased by 8.60%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.0B | 5.3B | 5.6B |
| Avg | 4.6B | 4.9B | 5.1B |
| Low | 4.4B | 4.6B | 4.8B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 10.8% | 15.7% | 15.3% |
| Avg | 2.5% | 5.7% | 6.1% |
| Low | -1.8% | -0.4% | -0.2% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 10.64 | 11.68 | 12.72 |
| Avg | 9.89 | 10.74 | 11.87 |
| Low | 9.42 | 10.09 | 11.03 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 8.2% | 18.0% | 18.4% |
| Avg | 0.6% | 8.6% | 10.5% |
| Low | -4.2% | 2.0% | 2.7% |
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.