Alexander Goldfarb analyst at Piper Sandler reiterates coverage on Innovative Industrial Properties (IIPR) in the Financial sector with a Buy rating. TipRanks.com has Goldfarb rated as a 4.4 star analyst with a 68% return on investment and a 8.9% success rate. Goldfarb has set a price target of $285.
TipRanks.com reports that Innovative Industrial Properties currently has 3 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $295.00. The target pricing ranges from a high forecast of $300.00 down to a low forecast of $285.00. Innovative Industrial Properties (IIPR)’s last closing price was $206.69 which would put the average price target at 42.73% upside.
In addition, TradingView issued a Strong Sell rating for IIPR over the next month, Barchart.com has a Weak sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on IIPR.
Other analysts covering IIPR include:
- Merrill Ross of Compass Point issued a Buy rating with the price target of $300 on 2 months ago
- Aaron Hecht of JMP Securities issued a Buy rating with the price target of $300 on 2 months ago
- Tom Catherwood of BTIG issued a Buy rating with the price target of $290 on 3 months ago
- Eric Des Lauriers of Craig-Hallum issued a Hold rating with the price target of $240 on 5 months ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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