Do Analysts Agree Tuesday on DICK’S Sporting Goods Inc (DKS) Stock’s Target Price?

Do Analysts Agree Tuesday on DICK’S Sporting Goods Inc (DKS) Stock’s Target Price?
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Tuesday, August 08, 2023 11:29 AM | InvestorsObserver Analysts

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Do Analysts Agree Tuesday on DICK’S Sporting Goods Inc (DKS) Stock’s Target Price?

InvestorsObserver is giving DICK’S Sporting Goods Inc (DKS) an Analyst Rating Rank of 36, meaning DKS is ranked higher by analysts than 36% of stocks. The average price target for DKS is $152.888 and analyst’s rate the stock as a Buy.

Overall Score - 4
Wall Street analysts are rating DKS a Buy today. Find out what this means to you and get the rest of the rankings on DKS!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.

InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What’s Happening With DICK’S Sporting Goods Inc Stock Today?

DICK’S Sporting Goods Inc (DKS) stock has gained 0.49% while the S&P 500 is down -1.12% as of 11:27 AM on Tuesday, Aug 8. DKS has gained $0.71 from the previous closing price of $145.84 on volume of 178,674 shares. Over the past year the S&P 500 has risen 7.92% while DKS has gained 44.17%. DKS earned $11.51 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.72.

Click Here to get the full Stock Report for DICK’S Sporting Goods Inc stock.

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Rockets open to Russell Westbrook for John Wall trade, but for a heavy price, per report

Rockets open to Russell Westbrook for John Wall trade, but for a heavy price, per report

The Los Angeles Lakers would probably love a do-over on the Russell Westbrook trade right about now. They are a disappointing 22-23 through 45 games due in large part to Westbrook’s disappointing season, and on Wednesday, he was benched for the final 3:52 of their loss to the Indiana Pacers. With the trade deadline approaching, the Lakers would happily listen to offers for their declining point guard, but very few teams even have the necessary matching salary to make a deal feasible. Fewer would be interested in acquiring a 33-year-old with declining athleticism and no 3-point shot. 

But there is one team that is open to acquiring Westbrook, according to Marc Stein, and it’s a team he’s pretty familiar with: the Houston Rockets. The Rockets are uniquely positioned to make a Westbrook trade because they employ a player that was already traded for Westbrook once before: John Wall. Wall and Westbrook have identical contracts. Both are making roughly $44 million this season and have player options for roughly $47 million next season. Wall hasn’t played at all for Houston this season, so it’s not as though Houston would be losing much in swapping him for Westbrook. It would, in essence, boil down to trading one veteran they aren’t using for another.

But that doesn’t mean the Rockets are going to do the Lakers any favors. According to Stein, they are seeking a hefty price: the Lakers’ 2027 first-round pick. That is the next available first-round pick the Lakers can trade due to restrictions involving the Stepien Rule and all of the first-rounders they gave away in the Anthony Davis deal. No current player on the Laker roster is under contract until 2027, meaning that pick could potentially be quite valuable. LeBron James will turn 43 in 2027 and will

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