Alexandria Real Estate Equities (ARE) stock consensus forecasts for 2024.
Last update: 10/11/2024, 12:00 AM
Brief information about Alexandria Real Estate Equities, Inc.
Last trading day: 01/01/1970
Analyst forecast price: $140.67
52-week high/low: $165.31 / $89.84
Shares of Alexandria Real Estate Equities, Inc. are traded on the stock exchange under the ticker ARE and belong to the "Real Estate" sector. The head office is currently located at: 26 NORTH EUCLID AVENUE, PASADENA, CA, US. The market capitalization of Alexandria Real Estate Equities is $21 435 146 000. At the same time, the number of shares in circulation is 173 775 000. The company's earnings before interest, taxes and depreciation for last year (called EBITDA) was 1 685 918 000$. The company has a good profit. The PE ratio according to the latest reporting is at around 89.38. P/E shows the investor how many years his investment in this business pays off. That is, investments in Alexandria Real Estate Equities shares will pay off in about 90 years. A very long payback period of investments, shares should be considered not as an investment idea, but as a speculative one.
Alexandria Real Estate Equities (ARE) Forecast for 2024
After collecting analyst forecasts for Alexandria Real Estate Equities stock for 2024, we made one consensus forecast. For clarity, we will immediately build a forecast chart for 2024, which will include historical data on Alexandria Real Estate Equities stock prices. The gray color on the chart shows the historical price. The turquoise color shows the price forecast with a possible range of fluctuations.
The maximum share price target for this year is $135.92. This represents upside potential of 16.93% from current levels. The average return per month can be 8.47%.
The lowest price level the stock can fall to this year is $117.64. This will be a good year for Alexandria Real Estate Equities stock. Losses are not predicted.
Thus, in the period from the current date until the end of 2024, it is possible to form a channel with a resistance level of $135.92 and a support level of $117.64. The width of this channel is $18.28. According to the theory of technical analysis, a downward breakdown of the channel will open the way to $99. If the resistance level is broken, then the road to $154 per share of Alexandria Real Estate Equities will open.
What is the probability of exiting the channel up? Near the level of the upper border of the channel, the share price will be traded for only 1 month. The chances of breaking through the resistance level in this and subsequent periods are very small. If stocks break through the $135.92 resistance level and try to gain a foothold above it, then in the future they will most likely test this level from above and if the $135.92 mark holds, then this will be a new channel with new goals.
How about testing the strength of the support level? The price will remain near the support level for 1 month. Breaking through the resistance level is unlikely.
In addition, the real future price of one Alexandria Real Estate Equities share can be both higher and lower than the target forecast price, but approximately in the range between the pessimistic and optimistic target price.
| Month | Mid | Low | High | Range, % |
|---|---|---|---|---|
| November 2024 | 121.10 | 117.64 | 129.60 | 9.23 % |
| December 2024 | 131.81 | 124.27 | 135.92 | 8.57 % |
Forecast for November 2024.
It is predicted that the price of one Alexandria Real Estate Equities share in will be in the range of $117.64 to $129.60. The width of this range will be $11.97 (9.23%). The average price is $121.10, which is $121.1 higher than the average price of the previous month.
Forecast for December 2024.
It is predicted that the price of one Alexandria Real Estate Equities share in will be in the range of $124.27 to $135.92. The width of this range will be $11.65 (8.57%). The average price is $131.81, which is $10.71 higher than the average price of the previous month.
