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Allogene Therapeutics (ALLO) Stock Forecast & Price Target

$2.76
+0.08 (+2.99%)
(As of 07/12/2024 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

Consensus Price Target

$9.95
260.51% Upside
High Forecast$17.00
Average Forecast$9.95
Low Forecast$4.60
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
9 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$9.95$9.95$13.17$16.35
Forecasted Upside260.51% Upside205.68% Upside184.09% Upside155.79% Upside
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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
2.70
2.71
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside260.51% Upside994.28% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/31/2024Piper Sandler
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 Initiated CoverageOverweight$11.00+347.15%
5/21/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$14.00 ➝ $13.00+401.93%
5/16/2024HC Wainwright
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 Lower TargetBuy ➝ Buy$10.00 ➝ $9.00+202.01%
5/15/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$17.00+453.74%
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
12/8/2023Citigroup
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 Initiated CoverageBuy$7.00+177.78%
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%
8/10/2022Raymond James
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 DowngradeOutperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:38 PM ET.

ALLO Forecast - Frequently Asked Questions

What is Allogene Therapeutics' forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Allogene Therapeutics is $9.95, with a high forecast of $17.00 and a low forecast of $4.60.

Should I buy or sell Allogene Therapeutics stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allogene Therapeutics in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALLO shares.

Does Allogene Therapeutics's stock price have much upside?

According to analysts, Allogene Therapeutics's stock has a predicted upside of 205.68% based on their 12-month stock forecasts.

What analysts cover Allogene Therapeutics?

Allogene Therapeutics has been rated by research analysts at HC Wainwright, Oppenheimer, Piper Sandler, Stifel Nicolaus, and Truist Financial in the past 90 days.

Do Wall Street analysts like Allogene Therapeutics more than its competitors?

Analysts like Allogene Therapeutics less than other "medical" companies. The consensus rating score for Allogene Therapeutics is 2.70 while the average consensus rating score for "medical" companies is 2.71. Learn more on how ALLO compares to other companies.


This page (NASDAQ:ALLO) was last updated on 7/13/2024 by MarketBeat.com Staff

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