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Asset logo for symbol RS
Reliance Steel & Aluminum Co
RS68
$279.29arrow_drop_up0.50%$1.39
Asset logo for symbol RS
RS68

$279.29

arrow_drop_up0.50%

AI Deep-Learning Forecast (RS)

Analyst Forecast

Period: Next 12 Months

Analyst Ratings

Reliance Steel & Aluminum Co (RS) Stocklytics Forecast

Reliance Steel & Aluminum Co (RS) is a leading provider of metals and metal-related services. With a strong track record of growth and a diversified customer base, the company is well-positioned for future success. The stock price of RS has been on an upward trend in recent years, and many analysts predict that this positive momentum will continue. In fact, the stock price forecast for RS in 2023 suggests further growth and potential for investors. With the rise of artificial intelligence (AI) and machine learning, there are even more opportunities for accurate stock price predictions. These advanced technologies can analyze vast amounts of data and identify patterns that may not be apparent to human analysts. By leveraging AI and machine learning, investors can make more informed decisions about buying or selling RS stock.
In addition to stock price forecasts, analysts also provide price targets for RS. These price targets represent the level at which analysts believe the stock will trade in the future. For RS, the price target for 2023 indicates a positive outlook and potential for strong returns. Analysts' price targets are based on a variety of factors, including the company's financial performance, industry trends, and competitive landscape. Investors who are considering buying RS stock should carefully review these price targets and compare them to their own investment goals and risk tolerance. It's also important to consider analyst ratings for RS, as these provide insight into how experts view the stock's potential. While no investment is without risk, RS has received favorable analyst ratings, which suggests that it may be a good buy for investors seeking exposure to the metals industry.
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Frequently Asked Questions

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What is the analyst price prediction for Reliance Steel & Aluminum Co (RS) stock?

Analysts have set a target price of $230.61 for Reliance Steel & Aluminum Co (RS), based on forecasts from 23 analysts. The predicted price range extends from a high of $300 to a low of $159. This represents a potential increase of up to 7.42% and a decrease of -43.07% from the current price of $279.29. These forecasts are as of 2021 Aug 24.
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What are the analyst ratings for Reliance Steel & Aluminum Co (RS) stock?

The analyst ratings for Reliance Steel & Aluminum Co (RS) are distributed as follows: 5 analysts recommend buying, 3 have a neutral stance, and 0 suggest selling. The prevailing sentiment among the total of 8 analysts leans towards a buy rating. These ratings indicate the general sentiment among the analysts covering Reliance Steel & Aluminum Co.
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What is the AI price prediction for Reliance Steel & Aluminum Co (RS) stock?

The AI price prediction model, leveraging machine-learning techniques, forecasts that Reliance Steel & Aluminum Co (RS) stock could reach $297.68 by 2024 Sep 30. This prediction indicates a potential price change of 6.58%. The forecast has a lifetime of 30 days, culminating on the target date provided. The prediction was made on 2024 Sep 09.

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