Applied Industrial Technologies, Inc. (AIT)
NYSE: AIT · IEX Real-Time Price · USD
197.55
-0.33 (-0.17%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Applied Industrial Technologies Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for AIT stock have an average target of 184.67, with a low estimate of 174 and a high estimate of 195. The average target predicts a decrease of -6.52% from the current stock price of 197.55.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $174 $184.67 $185 $195
Change -11.92% -6.52% -6.35% -1.29%
* Price targets were last updated on Jan 26, 2024.

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111
Buy 222222
Hold 000000
Sell 000000
Strong Sell 000000
Total 333333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Keybanc
Keybanc
Buy
Maintains
$182$195
Buy Maintains $182$195 -1.29% Jan 26, 2024
Loop Capital
Loop Capital
Strong Buy
Maintains
$170$174
Strong Buy Maintains $170$174 -11.92% Aug 14, 2023
Baird
Baird
Buy
Maintains
$161$185
Buy Maintains $161$185 -6.35% Aug 11, 2023
Keybanc
Keybanc
Buy
Maintains
$162$182
Buy Maintains $162$182 -7.87% Aug 11, 2023
Baird
Baird
Buy
Maintains
$160$161
Buy Maintains $160$161 -18.50% Apr 28, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
4.55B
from 4.41B
Increased by 3.13%
Revenue Next Year
4.75B
from 4.55B
Increased by 4.28%
EPS This Year
9.76
from 8.84
Increased by 10.43%
EPS Next Year
10.18
from 9.76
Increased by 4.26%
Year 20192020202120222023202420252026
Revenue
3.47B3.25B3.24B3.81B4.41B4.55B4.75B4.99B
Revenue Growth
13.00%-6.54%-0.30%17.76%15.80%3.13%4.28%5.06%
EPS
3.680.623.686.588.849.7610.1810.91
EPS Growth
1.94%-83.15%493.55%78.80%34.35%10.43%4.26%7.18%
No. Analysts -----442
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 4.8B 5.0B 5.2B
Avg 4.6B 4.7B 5.0B
Low 4.4B 4.6B 4.8B

Revenue Growth

Revenue Growth 202420252026
High
7.7%
9.1%
9.2%
Avg
3.1%
4.3%
5.1%
Low
-0.8%
0.9%
1.9%

EPS Forecast

EPS 202420252026
High 10.15 10.71 11.34
Avg 9.76 10.18 10.91
Low 9.47 9.81 10.58

EPS Growth

EPS Growth 202420252026
High
14.9%
9.7%
11.4%
Avg
10.4%
4.3%
7.2%
Low
7.1%
0.5%
4.0%
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.