AMC Entertainment (AMC) stock underwent a massive rally last week, which saw the movie theater company’s shares close out trading on Friday up 36.74% over the prior five days. Now, AMC stock is down on Monday, which could be a buying opportunity for traders who missed out on the stock’s recent rally. However, analysts appear torn on AMC stock’s potential.
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Wall Street’s highest price target for AMC stock comes from four-star Wedbush analyst Alicia Reese. She has a $3 price target for the shares, which suggests a possible 67.13% upside. Her strong price target for AMC shares is paired with a bullish Buy rating for the stock. Investors will note that Reese is the only one of her peers with a bullish stance on AMC stock.
On the flip side of that, the lowest analyst price target for AMC stock comes from five-star Citi analyst Jason Bazinet. He has a Sell rating and a $1.10 price target for the shares, representing a potential 38.72% downside. It’s worth mentioning that Bazinet has the only Sell rating for AMC shares.
AMC Stock Movement Today
AMC stock was down 4.57% on Monday but was still up 13.78% year-to-date. However, investors will keep in mind that the movie theater company’s shares have fallen 30.86% over the past 12 months.
AMC stock trading activity today saw some 17 million shares change hands. To put that in perspective, the company’s three-month average daily trading volume is about 30.99 million shares.
Is AMC Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMC is Hold, based on one Buy rating, three Hold ratings, and one Sell rating over the past three months. With that comes an average AMC stock price target of $1.90, representing a potential 7.34% upside for the shares.
