Connect Biopharma (CNTB) Stock Forecast & Price Target

$1.78
+0.06 (+3.49%)
(As of 05/17/2024 ET)

Connect Biopharma Consensus Analyst Rating 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.

Analysts' Consensus Rating

Buy
Based on 2 Analyst Ratings

Analysts' Consensus Price Target

$6.50
265.17% Upside
High Forecast$8.00
Average Forecast$6.50
Low Forecast$5.00
TypeCurrent Forecast
5/20/23 to 5/19/24
1 Month Ago
4/20/23 to 4/19/24
3 Months Ago
2/19/23 to 2/19/24
1 Year Ago
5/20/22 to 5/20/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$6.50$6.50$5.00$7.00
Predicted Upside265.17% Upside453.17% Upside566.58% Upside488.24% Upside
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CNTB Analyst Ratings 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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CNTB 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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Connect Biopharma Stock vs. The Competition

TypeConnect BiopharmaMedical CompaniesS&P 500
Consensus Rating Score
3.00
2.69
2.49
Consensus RatingBuyModerate BuyHold
Predicted Upside265.17% Upside848.17% Upside7.86% Upside
News Sentiment RatingVery Positive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/17/2024HC Wainwright
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E. Bodnar
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Boost TargetBuy ➝ Buy$7.00 ➝ $8.00+400.00%
9/13/2023Cantor Fitzgerald
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOverweight ➝ Overweight$5.00+566.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:07 AM ET.

CNTB Price Target - Frequently Asked Questions

What is Connect Biopharma's consensus rating and price target?

According to the issued ratings of 2 analysts in the last year, the consensus rating for Connect Biopharma stock is Buy based on the current 2 buy ratings for CNTB. The average twelve-month price prediction for Connect Biopharma is $6.50 with a high price target of $8.00 and a low price target of $5.00. Learn more on CNTB's analyst rating history.

Do Wall Street analysts like Connect Biopharma more than its competitors?

Analysts like Connect Biopharma more than other Medical companies. The consensus rating for Connect Biopharma is Buy while the average consensus rating for medical companies is Moderate Buy. Learn more on how CNTB compares to other companies.

Does Connect Biopharma's stock price have much upside?

According to analysts, Connect Biopharma's stock has a predicted upside of 453.17% based on their 12-month stock forecasts.

What analysts cover Connect Biopharma?

Connect Biopharma has been rated by HC Wainwright in the past 90 days.


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This page (NASDAQ:CNTB) was last updated on 5/19/2024 by MarketBeat.com Staff

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