Dr Reddys Stock Target Price and Analyst Consensus

RDY Stock  USD 73.35  1.04  1.44%   
The current analyst and expert consensus on Dr Reddys is Hold, with 1 strong sell and 1 strong buy opinions. The current projected Dr Reddys target price consensus is 70.11 with 5 analyst opinions. The most common way Dr Reddys Laboratories analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Dr Reddys executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Dr Reddys. We strongly encourage you to use your own analysis of Dr Reddys Laboratories to validate this buy or sell advice. Dr Reddys buy-or-sell recommendation module provides average expert sentiment on the projected Dr Reddys Laboratories target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Dr Reddys to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
63.8
Highest Forecast
77.82
Target Price
70.11
At this time, Dr Reddys' Gross Profit is fairly stable compared to the past year. Operating Profit Margin is likely to rise to 0.37 in 2024, whereas Pretax Profit Margin is likely to drop 0.11 in 2024. At this time, Dr Reddys' Good Will is fairly stable compared to the past year. Other Stockholder Equity is likely to rise to about 18.2 B in 2024, whereas Total Assets are likely to drop slightly above 206.1 B in 2024.
  
It's important to approach Dr Reddys' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Dr Reddys Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. RDY target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Dr Reddys' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   5  Hold
Most RDY analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand RDY stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Dr Reddys Laboratories, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Dr Reddys Target Price Projection

Dr Reddys' current and average target prices are 73.35 and 70.11, respectively. The current price of Dr Reddys is the price at which Dr Reddys Laboratories is currently trading. On the other hand, Dr Reddys' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Dr Reddys Market Quote on 29th of March 2024

Low Price73.04Odds
High Price73.81Odds

73.35

Target Price

Analyst Consensus On Dr Reddys Target Price

Low Estimate63.8Odds
High Estimate77.82Odds

70.11

Historical Lowest Forecast  63.8 Target Price  70.11 Highest Forecast  77.82
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Dr Reddys Laboratories and the information provided on this page.

Dr Reddys Analyst Ratings

Dr Reddys' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Dr Reddys stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Dr Reddys' financials, market performance, and future outlook by experienced professionals. Dr Reddys' historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Dr Reddys price targets

Dr Reddys' stock target price is an estimate of its future price, usually made by analysts. Using Dr Reddys' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Dr Reddys' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Dr Reddys' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Dr Reddys Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Dr Reddys is a key component of Dr Reddys valuation and have some predictive power on the future returns of a Dr Reddys.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dr Reddys' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
72.1173.3574.59
Details
Intrinsic
Valuation
LowRealHigh
60.0161.2580.69
Details
Naive
Forecast
LowNextHigh
71.7372.9774.21
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.670.991.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dr Reddys. Your research has to be compared to or analyzed against Dr Reddys' peers to derive any actionable benefits. When done correctly, Dr Reddys' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dr Reddys Laboratories.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cleaning Idea
Cleaning
Invested over 100 shares
Macroaxis Index Idea
Macroaxis Index
Invested few shares
When determining whether Dr Reddys Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dr Reddys' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dr Reddys Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dr Reddys Laboratories Stock:
Check out Macroaxis Advice on Dr Reddys to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Note that the Dr Reddys Laboratories information on this page should be used as a complementary analysis to other Dr Reddys' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for RDY Stock analysis

When running Dr Reddys' price analysis, check to measure Dr Reddys' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dr Reddys is operating at the current time. Most of Dr Reddys' value examination focuses on studying past and present price action to predict the probability of Dr Reddys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dr Reddys' price. Additionally, you may evaluate how the addition of Dr Reddys to your portfolios can decrease your overall portfolio volatility.
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The data published in Dr Reddys' official financial statements usually reflect Dr Reddys' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Dr Reddys Laboratories. For example, before you start analyzing numbers published by RDY accountants, it's critical to develop an understanding of what Dr Reddys' liquidity, profitability, and earnings quality are in the context of the Pharmaceuticals space in which it operates.
Please note, the presentation of Dr Reddys' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Dr Reddys' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Dr Reddys' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Dr Reddys Laboratories. Please utilize our Beneish M Score to check the likelihood of Dr Reddys' management manipulating its earnings.