A2 Milk Company Ltd (ASX: A2M) shares have been strong performers in recent months.
As you can see below, since this time in August, the embattled infant formula company's shares have risen 38%.
Investors may now be wondering whether it is too late to invest after this impressive rally over the last five months.
So, let's take a look to see what might happen if you were to invest $1,000 into A2 Milk shares today.
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Is it too late to buy A2 Milk shares?
Unfortunately, if the broker community is to be believed, the company's shares have now peaked for the time being.
While that doesn't mean that they can't climb from here, it just means that brokers won't be instructing their clients to put money into A2 Milk.
For example, the most bullish broker is Bell Potter. In fact, as far as I'm aware, it is the only broker that still has a buy rating on the infant formula company's shares.
However, its price target of $6.80 is now precisely in line with the current A2 Milk share price. This means your theoretical $1,000 investment would be worth exactly the same this time next year unless a maiden dividend is paid.
Elsewhere, Goldman Sachs has a sell rating and $5.60 price target and Morgans has a hold rating and $6.35 price target. Based on their price targets, a $1,000 investment would turn into $824 and $934, respectively.
Though, it is worth remembering that brokers don't always make the right call. A stronger than expected first half result next month could lead to brokers having to upgrade their earnings estimates and ratings accordingly.
So, investors may want to stay tuned for that. A2 Milk is scheduled to release its results on 20 February.
