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Allogene Therapeutics (ALLO) Stock Forecast & Price Target

Allogene Therapeutics logo
$2.72 -0.12 (-4.23%)
(As of 04:22 PM ET)

Allogene Therapeutics - 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

Sell
0
Hold
3
Buy
8

Based on 11 Wall Street analysts who have issued ratings for Allogene Therapeutics in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 3 have given a hold rating, and 8 have given a buy rating for ALLO.

Consensus Price Target

$9.96
266.01% Upside
According to the 11 analysts' twelve-month price targets for Allogene Therapeutics, the average price target is $9.96. The highest price target for ALLO is $14.00, while the lowest price target for ALLO is $4.60. The average price target represents a forecasted upside of 266.01% from the current price of $2.72.
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ALLO Analyst Ratings Over Time

TypeCurrent Forecast
11/14/23 to 11/13/24
1 Month Ago
10/15/23 to 10/14/24
3 Months Ago
8/16/23 to 8/15/24
1 Year Ago
11/14/22 to 11/14/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$9.96$9.96$9.96$16.19
Forecasted Upside266.01% Upside278.54% Upside332.85% Upside511.03% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

ALLO 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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ALLO 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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Allogene Therapeutics Stock vs. The Competition

TypeAllogene TherapeuticsMedical CompaniesS&P 500
Consensus Rating Score
2.73
2.80
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside248.10% Upside26,221.80% Upside7.72% Upside
News Sentiment Rating
Neutral News

See Recent ALLO News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/8/2024HC Wainwright
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$9.00 ➝ $9.00+189.39%
8/9/2024Citigroup
3 of 5 stars
 Boost TargetBuy ➝ Buy$7.00 ➝ $8.00+244.83%
8/9/2024Truist Financial
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$17.00 ➝ $14.00+493.22%
8/8/2024Oppenheimer
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 Initiated CoverageOutperform$13.00 ➝ $11.00+345.34%
8/8/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$35.00 ➝ $14.00+466.80%
5/31/2024Piper Sandler
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 Initiated CoverageOverweight$11.00+347.15%
5/14/2024Stifel Nicolaus
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 Boost TargetHold ➝ Hold$4.40 ➝ $4.60+58.62%
3/15/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$10.00+130.41%
2/27/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$9.00 ➝ $8.00+54.44%
1/5/2024Guggenheim
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 DowngradeBuy ➝ Neutral
1/5/2024JMP Securities
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 Reiterated RatingOutperform ➝ Market Perform
4/17/2023EF Hutton Acquisition Co. I
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 Reiterated RatingBuy$15.00+209.92%
3/22/2023William Blair
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S. Corwin
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Reiterated RatingOutperform
3/21/2023Sanford C. Bernstein
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 Initiated CoverageMarket Perform$6.00+11.73%
3/1/2023The Goldman Sachs Group
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 Lower TargetBuy$35.00 ➝ $31.00+388.19%
3/1/2023B. Riley
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 Lower Target$18.00 ➝ $15.00+136.22%
1/6/2023Robert W. Baird
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 UpgradeNeutral ➝ Outperform$12.00+106.54%
12/12/2022Bank of America
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 DowngradeBuy ➝ Underperform$24.00 ➝ $9.00+2.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:45 PM ET.


ALLO Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Allogene Therapeutics is $9.96, with a high forecast of $14.00 and a low forecast of $4.60.

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allogene Therapeutics in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ALLO shares.

According to analysts, Allogene Therapeutics's stock has a predicted upside of 266.01% based on their 12-month stock forecasts.

Allogene Therapeutics has been rated by research analysts at HC Wainwright in the past 90 days.

Analysts like Allogene Therapeutics less than other "medical" companies. The consensus rating score for Allogene Therapeutics is 2.73 while the average consensus rating score for "medical" companies is 2.80. Learn more on how ALLO compares to other companies.


This page (NASDAQ:ALLO) was last updated on 11/13/2024 by MarketBeat.com Staff
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