IDEX Consensus Analyst Rating and Stock Price Forecast (2024)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
Analysts' Consensus Rating
Moderate Buy
Based on 6 Analyst Ratings
Analysts' Consensus Price Target
$235.56
-1.60% Downside
| High Forecast | $265.00 |
|---|---|
| Average Forecast | $235.56 |
| Low Forecast | $200.00 |
| Type | Current Forecast 3/8/23 to 3/7/24 | 1 Month Ago 2/6/23 to 2/6/24 | 3 Months Ago 12/8/22 to 12/8/23 | 1 Year Ago 3/8/22 to 3/8/23 |
|---|---|---|---|---|
| Consensus Rating | ModerateBuy | ModerateBuy | ModerateBuy | ModerateBuy |
| Strong Buy | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) |
| Buy | 5 Buy rating(s) | 3 Buy rating(s) | 5 Buy rating(s) | 6 Buy rating(s) |
| Hold | 1 Hold rating(s) | 2 Hold rating(s) | 3 Hold rating(s) | 5 Hold rating(s) |
| Sell | 0 Sell rating(s) | 0 Sell rating(s) | 0 Sell rating(s) | 0 Sell rating(s) |
| Consensus Price Target | $235.56 | $228.67 | $231.30 | $238.25 |
| Predicted Upside | -1.60% Downside | 8.78% Upside | 7.42% Upside | 8.84% Upside |
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IEX Analyst Ratings By Month
The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
IEX Price Targets by Month
The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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IDEX Stock vs. The Competition
| Type | IDEX | Industrial Products Companies | S&P 500 |
|---|---|---|---|
| Consensus Rating Score | 2.83 | 2.60 | 2.48 |
| Consensus Rating | Moderate Buy | Moderate Buy | Hold |
| Predicted Upside | -1.60% Downside | 112.50% Upside | 5.88% Upside |
| News Sentiment Rating | Positive News | Positive News | Positive News |
Recent Analyst Ratings and Stock Forecasts
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| Date | Brokerage | Analyst Name | Action | Rating | Price Target | Upside/Downside on Report Date | Details |
|---|---|---|---|---|---|---|---|
| 2/8/2024 | Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Outperform ➝ Outperform | $234.00 ➝ $255.00 | +14.37% | ||
| 2/8/2024 | Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating | Upgrade | Hold ➝ Buy | $215.00 ➝ $265.00 | +19.14% | ||
| 10/19/2023 | Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating | Reiterated Rating | Outperform ➝ Outperform | $245.00 | +24.41% | ||
| 10/5/2023 | BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating | Initiated Coverage | Neutral | $200.00 | -4.05% | ||
| 8/24/2023 | Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy ➝ Buy | $225.00 ➝ $250.00 | +11.76% | ||
| 7/28/2023 | Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy | $243.00 ➝ $255.00 | +16.53% | ||
| 4/28/2023 | Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | $227.00 ➝ $200.00 | -3.77% | |||
| 4/28/2023 | Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | $225.00 ➝ $220.00 | +5.86% | |||
| 4/28/2023 | Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating | Lower Target | $255.00 ➝ $230.00 | +10.67% |
Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:53 AM ET.
IEX Price Target - Frequently Asked Questions
What is IDEX's consensus rating and price target?
According to the issued ratings of 6 analysts in the last year, the consensus rating for IDEX stock is Moderate Buy based on the current 1 hold rating and 5 buy ratings for IEX. The average twelve-month price prediction for IDEX is $235.56 with a high price target of $265.00 and a low price target of $200.00. Learn more on IEX's analyst rating history.
Do Wall Street analysts like IDEX more than its competitors?
Analysts like IDEX more than other Industrial Products companies. The consensus rating score for IDEX is 2.83 while the average consensus rating score for industrial products companies is 2.60. Learn more on how IEX compares to other companies.
Is IDEX being upgraded by Wall Street analysts?
Over the previous 90 days, IDEX's stock had 1 upgrade by analysts.
Does IDEX's stock price have much upside?
According to analysts, IDEX's stock has a predicted upside of 10.07% based on their 12-month stock forecasts.
What analysts cover IDEX?
IDEX has been rated by Royal Bank of Canada, and Stifel Nicolaus in the past 90 days.
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