Alector - ALEC Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alector in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALEC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALEC, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 12 month price targets for Alector's shares. Their ALEC share price forecasts range from $6.00 to $41.00. On average, they expect the company's stock price to reach $15.38 in the next year. This suggests a possible upside of 143.7% from the stock's current price.
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Alector's stock was trading at $9.23 at the beginning of the year. Since then, ALEC stock has decreased by 31.6% and is now trading at $6.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Alector, Inc. (NASDAQ:ALEC) issued its quarterly earnings results on Tuesday, February, 28th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by $0.09. The firm had revenue of $14.44 million for the quarter, compared to analyst estimates of $35.37 million. Alector had a negative trailing twelve-month return on equity of 52.10% and a negative net margin of 99.77%.

ETFs with the largest weight of Alector (NASDAQ:ALEC) stock in their portfolio include iShares Neuroscience and Healthcare ETF (IBRN), Virtus LifeSci Biotech Clinical Trials ETF (BBC), ALPS Medical Breakthroughs ETF (SBIO), SPDR S&P Biotech ETF (XBI), Principal Healthcare Innovators ETF (BTEC), Direxion Daily S&P Biotech Bull 3x Shares (LABU), Global X Aging Population ETF (AGNG) and Invesco Nasdaq Biotechnology ETF (IBBQ).

Alector issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $15.00 million-$25.00 million, compared to the consensus revenue estimate of $25.39 million.

4 employees have rated Alector Chief Executive Officer Arnon Rosenthal on Glassdoor.com. Arnon Rosenthal has an approval rating of 100% among the company'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 initial public offering on Thursday, February 7th 2019. The company issued 9,300,000 shares at $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 JPMorgan Chase & Co. (2.93%), Price T Rowe Associates Inc. MD (2.09%), Franklin Resources Inc. (1.93%), Geode Capital Management LLC (1.44%), Braidwell LP (0.88%) and Morgan Stanley (0.72%). Insiders that own company stock include Arnon Rosenthal, Calvin Yu, Gary Romano, Marc Grasso, Orbimed Advisors Llc, Richard H Scheller, Robert King, Robert Paul, 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 $6.31.

Alector (NASDAQ:ALEC) has a market capitalization of $523.92 million and generates $133.62 million in revenue each year. The company earns $-133,310,000.00 in net income (profit) each year or ($1.61) on an earnings per share basis.

The company 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 the company is www.alector.com. The company can be reached via phone at (415) 231-5660 or via email at ir@alector.com.