On 3/27/24, Noah Holdings Limited (NYSE: NOAH) stock enjoyed a major increase of 17.2%, closing at $11.86. Moreover, trading volume in this advance was exceptionally high at 301% of normal. Relative to the market the stock has been weak over the last nine months but has risen 18.4% during the last week.
Current PriceTarget Research Rating
NOAH is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Noah Holdings Limited has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Noah Holdings Limited has a very high Appreciation Score of 94 but a neutral Power Rating of 44, and the Positive Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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