Ventas Price Target Soars to $99.00 Amid Analyst Optimism

Royal Bank Of Canada (RBC) has raised its price target for Ventas (NYSE:VTR) to $99.00, up from $98.00 previously. This new target suggests a potential upside of 8.58% from the stock's current price. The firm currently has an 'outperform' rating on the real estate investment trust's stock.

This is not the only positive note for Ventas recently, as several other analysts have also raised their price targets for the company. Wells Fargo & Company raised its target to $96.00 and gave the stock an 'overweight' rating in a research report on June 1st. Mizuho boosted its price objective on shares of Ventas from $98.00 to $104.00 and gave the company an 'outperform' rating in a report on July 22nd.

According to MarketBeat, fifteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. The stock currently has a consensus rating of 'Moderate Buy' and a consensus price target of $98.00. Ventas traded up $0.89 during trading hours on Friday, hitting $91.17. 487,959 shares of the stock were exchanged, compared to its average volume of 3,639,736.