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ADTRAN Stock Forecast NASDAQ:ADTN

Price Target and Analyst Ratings

Most Recent Rating

On August 06, 2021 "The Goldman Sachs Group" gave "$20.00 - $22.00" rating for ADTN. The price target was changed from $21.70 to 1.3%.

Last 30 Days

Historical Ratings

Date Rating Action Authority Current Price Target Price
2021-08-06 $20.00 - $22.00 Target Raised by The Goldman Sachs Group $23.53 $21.70→1.3%
2021-08-06 $29.00 Upgraded by Cowen $23.53 $21.70→1.3%
2021-05-24 Buy - Neutral Reiterated by The Goldman Sachs Group $19.94 $20.00
2021-05-20 Hold - Buy Upgraded by Argus $19.81 $25.00
2021-05-18 Buy - Neutral Downgraded by The Goldman Sachs Group $19.52 $20.00
2021-05-14 Hold - Buy Upgraded by Argus $20.05 $25.00
2021-04-07 Target Raised by Jefferies Financial Group $18.27 $20.50 → $26.00
2021-02-05 Hold - Buy Upgraded by Needham & Company LLC $16.11 $20.00
2021-02-05 Hold - Buy Upgraded by Needham & Company LLC $16.11
2020-12-08 Target Raised by Northland Securities $15.12 $16.00 → $18.00
2020-11-04 Hold - Buy Upgraded by Jefferies Financial Group $12.02 $11.00 → $16.50
2020-08-10 Hold Initiated by Needham & Company LLC $12.11
2020-08-06 Buy Reiterated by Northland Securities $12.13 $16.00
2020-05-07 Buy Reiterated by Northland Securities $11.65 $15.00
2020-04-17 Neutral - Buy Upgraded by Goldman Sachs Group $9.49 $13.00

ADTN Stock Trend

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $18.64 will give a strong sell signal and a trend shift may be expected.

Given the current horizontal trend, you can expect ADTRAN stock with a 90% probability to be traded between $18.83 and $24.88 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Data

Date Bottom Mid Top
2021-09-23 $18.64 $21.64 $24.64
2021-09-24 $18.65 $21.64 $24.64
2021-09-27 $18.65 $21.65 $24.64
2021-09-28 $18.66 $21.65 $24.65
2021-09-29 $18.66 $21.66 $24.65
2021-09-30 $18.66 $21.66 $24.66
2021-10-01 $18.67 $21.66 $24.66
2021-10-04 $18.67 $21.67 $24.66
2021-10-05 $18.68 $21.67 $24.67
2021-10-06 $18.68 $21.68 $24.67
2021-10-07 $18.68 $21.68 $24.68
2021-10-08 $18.69 $21.68 $24.68
2021-10-11 $18.69 $21.69 $24.68
2021-10-12 $18.69 $21.69 $24.69
2021-10-13 $18.70 $21.69 $24.69
2021-10-14 $18.70 $21.70 $24.70
2021-10-15 $18.71 $21.70 $24.70
2021-10-18 $18.71 $21.71 $24.70
2021-10-19 $18.71 $21.71 $24.71
2021-10-20 $18.72 $21.71 $24.71
2021-10-21 $18.72 $21.72 $24.71
2021-10-22 $18.73 $21.72 $24.72
2021-10-25 $18.73 $21.73 $24.72
2021-10-26 $18.73 $21.73 $24.73
2021-10-27 $18.74 $21.73 $24.73
2021-10-28 $18.74 $21.74 $24.73
2021-10-29 $18.75 $21.74 $24.74
2021-11-01 $18.75 $21.75 $24.74
2021-11-02 $18.75 $21.75 $24.75
2021-11-03 $18.76 $21.75 $24.75

About ADTRAN

ADTRAN ADTRAN, Inc. manufactures and sells networking and communications equipment worldwide. It operates in two divisions, Carrier Networks and Enterprise Networks. The Carrier Networks division provides broadband access products, such as multi-service access node products, fiber to the node products, digital subscriber line access multiplexer products, and distribution point units; optical products, including optical networking edge products, fiber Et... Read more

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