Spectrum Brands Holdings, Inc.

The global smart lock market is expected to grow from $6.33 billion in 2023 to $15.42 billion by 2032, driven by the increasing adoption of smart home technology and the integration of smart locks with voice assistants and other IoT devices. Biometric smart locks are also gaining popularity due to their enhanced security and convenience features.

Related tickers: ALLE, ASAZY, SPB.

Analysts' ratings for Spectrum Brands Holdings (NYSE:SPB) over the last quarter vary from bullish to bearish, as provided by 7 analysts. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 2 3 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $101.57, with a high estimate of $115.00 and a low estimate of $90.00. This upward trend is apparent, with the current average reflecting a 9.38% increase from the previous average price target of $92.86. Exploring Analyst Ratings: An In-Depth Overview The analysis of recent analyst actions sheds light on the perception of Spectrum Brands Holdings by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Brian McNamara Canaccord Genuity Lowers Hold $90.00 $92.00 Nik Modi RBC Capital Maintains Outperform $114.00 $114.00 Brian McNamara Canaccord Genuity Raises Hold $92.00 $86.00 Steve Powers Deutsche Bank Raises Hold $91.00 $85.00 Nik Modi RBC Capital Raises Outperform $114.00 $100.00 Chris Carey Wells Fargo Raises Equal-Weight $95.00 $85.00 Ian Zaffino Oppenheimer Raises Outperform $115.00 $88.00 Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Spectrum Brands ...Full story available on Benzinga.com

Related tickers: SPB.