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Prime Medicine (PRME) Stock Forecast & Price Target

$6.50
-0.42 (-6.07%)
(As of 05/28/2024 ET)

Prime Medicine - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Consensus Price Target

$15.09
132.17% Upside
High Forecast$20.00
Average Forecast$15.09
Low Forecast$9.00
TypeCurrent Forecast
5/29/23 to 5/28/24
1 Month Ago
4/29/23 to 4/28/24
3 Months Ago
2/28/23 to 2/28/24
1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
N/A
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
N/A
Buy
10 Buy rating(s)
7 Buy rating(s)
4 Buy rating(s)
N/A
Hold
2 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
N/A
Consensus Price Target$15.09$16.89$18.14N/A
Forecasted Upside132.17% Upside102.53% Upside75.85% UpsideN/A
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PRME Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PRME Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Prime Medicine Stock vs. The Competition

TypePrime MedicineMedical CompaniesS&P 500
Consensus Rating Score
2.83
2.70
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside132.17% Upside725.01% Upside10.82% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/20/2024HC Wainwright
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A. He
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Initiated CoverageBuy$10.00+41.24%
5/16/2024Citigroup
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 UpgradeNeutral ➝ Buy$10.00+47.93%
5/13/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$16.00 ➝ $15.00+121.57%
5/7/2024Jefferies Financial Group
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 Reiterated RatingBuy ➝ Buy$23.00 ➝ $15.00+176.75%
4/23/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$12.00+140.96%
4/22/2024Chardan Capital
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 Initiated CoverageBuy$17.00+276.94%
4/8/2024TD Cowen
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 Initiated CoverageBuy
3/5/2024Guggenheim
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 Lower TargetBuy ➝ Buy$24.00 ➝ $20.00+144.50%
1/16/2024Stifel Nicolaus
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 DowngradeBuy ➝ Hold$18.00 ➝ $9.00+12.64%
10/9/2023BMO Capital Markets
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 Initiated CoverageOutperform$19.00+113.96%
9/6/2023Jonestrading
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 Initiated CoverageBuy$20.00+67.93%
8/14/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$21.00 ➝ $19.00+62.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:23 PM ET.

PRME Frequently Asked Questions

What is Prime Medicine's stock forecast and purchase recommendation?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Prime Medicine is $15.09, with a high forecast of $20.00 and a low forecast of $9.00. The consensus rating for Prime Medicine stock is Moderate Buy based on the current 2 hold ratings and 10 buy ratings for PRME. Learn more on PRME's analyst rating history.

Do Wall Street analysts like Prime Medicine more than its competitors?

Analysts like Prime Medicine more than other "medical" companies. The consensus rating score for Prime Medicine is 2.83 while the average consensus rating score for "medical" companies is 2.70. Learn more on how PRME compares to other companies.

Is Prime Medicine being upgraded by Wall Street analysts?

Over the previous 90 days, Prime Medicine's stock had 1 upgrade by analysts.

Does Prime Medicine's stock price have much upside?

According to analysts, Prime Medicine's stock has a predicted upside of 97.20% based on their 12-month stock forecasts.

What analysts cover Prime Medicine?

Prime Medicine has been rated by research analysts at Chardan Capital, Citigroup, Guggenheim, HC Wainwright, Jefferies Financial Group, JPMorgan Chase & Co., TD Cowen, and Wedbush in the past 90 days.


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This page (NYSE:PRME) was last updated on 5/28/2024 by MarketBeat.com Staff

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