Alector - ALEC Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alector in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Alector stock.
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6 equities research analysts have issued 12 month price objectives for Alector's shares. Their ALEC stock forecasts range from $6.00 to $41.00. On average, they anticipate Alector's stock price to reach $20.86 in the next twelve months. This suggests a possible upside of 59.7% from the stock's current price.
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Alector's stock was trading at $20.65 at the beginning of the year. Since then, ALEC shares have decreased by 36.8% and is now trading at $13.06.
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Alector is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Alector, Inc. (NASDAQ:ALEC) released its quarterly earnings data on Thursday, August, 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.47) by $0.59. Alector had a trailing twelve-month return on equity of 12.03% and a net margin of 12.06%.

4 employees have rated Alector CEO Arnon Rosenthal on Glassdoor.com. Arnon Rosenthal has an approval rating of 100% among Alector's employees. This puts Arnon Rosenthal in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alector investors own include Editas Medicine (EDIT), NVIDIA (NVDA), Pfizer (PFE), Advanced Micro Devices (AMD), Gossamer Bio (GOSS), Kaleido Biosciences (KLDO), QUALCOMM (QCOM), Intel (INTC), Micron Technology (MU) and Cisco Systems (CSCO).

(ALEC) raised $177 million in an IPO on Thursday, February 7th 2019. The company issued 9,300,000 shares at a price of $18.00-$20.00 per share. Morgan Stanley, BofA Merrill Lynch, Cowen and Barclays served as the underwriters for the IPO.

Alector trades on the NASDAQ under the ticker symbol "ALEC."

Alector's stock is owned by a number of institutional and retail investors. Top institutional investors include Connor Clark & Lunn Investment Management Ltd. (0.22%), Strs Ohio (0.08%), Russell Investments Group Ltd. (0.07%), Truist Financial Corp (0.06%), TD Asset Management Inc. (0.05%) and SG Americas Securities LLC (0.05%). Company insiders that own Alector stock include Arnon Rosenthal, Calvin Yu, David M Wehner, Orbimed Advisors Llc, Richard H Scheller, Robert King, Robert Paul, Sabah Oney, Shehnaaz Suliman and Terrance Mcguire.
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Shares of ALEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALEC stock can currently be purchased for approximately $13.06.

Alector (NASDAQ:ALEC) has a market capitalization of $1.09 billion and generates $207.09 million in revenue each year. The company earns $-36,330,000.00 in net income (profit) each year or $0.39 on an earnings per share basis.

Alector employs 208 workers across the globe.

Alector's mailing address is 131 OYSTER POINT BLVD. SUITE 600, SOUTH SAN FRANCISCO CA, 94080. The official website for Alector is www.alector.com. The company can be reached via phone at (415) 231-5660 or via email at ir@alector.com.