It's debatable. Colt AR-15s are generally consider low mid or just middle of the road options. It's more expensive than an entry level AR, but it's also less expensive than a high end rifle. Most people in the AR world don't really care much for the "Colt" branding nowadays, despite how it might seem. Names like Palmetto State Armory has more or less superceded Colt if you want a mid end AR-15, for instance.