Cytokinetics (CYTK) Stock Forecast & Price Target

$33.57

+0.09 (+0.27%)

(As of 12/1/2023 ET)

Today's Range: $32.39
▼
$33.58
50-Day Range: $26.88
▼
$36.32
52-Week Range: $25.98
▼
$47.49

Volume: 1.70 million shs
Average Volume: 1.04 million shs
Market Capitalization: $3.29 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $59.87

Cytokinetics 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

Moderate Buy
Based on 15 Analyst Ratings

Analysts' Consensus Price Target

$59.87
78.33% Upside

High Forecast	$80.00
Average Forecast	$59.87
Low Forecast	$42.00

Type	Current Forecast 12/1/22 to 12/1/23	1 Month Ago 11/1/22 to 11/1/23	3 Months Ago 9/2/22 to 9/2/23	1 Year Ago 12/1/21 to 12/1/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate 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	14 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	9 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 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	$59.87	$59.29	$58.21	$63.83
Predicted Upside	78.33% Upside	62.47% Upside	55.36% Upside	46.98% Upside

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CYTK 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.

CYTK 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.

Cytokinetics Stock vs. The Competition

Type	Cytokinetics	Medical Companies	S&P 500
Consensus Rating Score	2.93	2.67	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	78.33% Upside	760.62% Upside	2,867.39% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/9/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$50.00	+43.84%
11/7/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$66.00	+91.69%
11/1/2023	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$58.00	+66.38%
10/20/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$60.00	+82.87%
10/9/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$71.00	+128.81%
10/9/2023	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$59.00 ➝ $65.00	+112.42%
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8/15/2023	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Ruiz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
8/15/2023	SVB Leerink Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$58.00	+80.69%
8/15/2023	SVB Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$58.00	+80.69%
8/4/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$60.00	+76.16%
6/22/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$52.00 ➝ $54.00	+49.50%
5/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$61.00 ➝ $62.00	+59.14%
4/2/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$50.00 ➝ $42.00	+19.35%
3/6/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Salim Syed Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$80.00	+100.85%
3/1/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$55.00 ➝ $54.00	+24.74%
12/20/2022	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$60.00	+36.30%

(Data available from 12/1/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CYTK Price Target - Frequently Asked Questions

What is Cytokinetics's consensus rating and price target?: According to the issued ratings of 15 analysts in the last year, the consensus rating for Cytokinetics stock is Moderate Buy based on the current 1 hold rating and 14 buy ratings for CYTK. The average twelve-month price prediction for Cytokinetics is $59.87 with a high price target of $80.00 and a low price target of $42.00. Learn more on CYTK's analyst rating history.
Do Wall Street analysts like Cytokinetics more than its competitors?: Analysts like Cytokinetics more than other Medical companies. The consensus rating score for Cytokinetics is 2.93 while the average consensus rating score for medical companies is 2.67. Learn more on how CYTK compares to other companies.
Does Cytokinetics's stock price have much upside?: According to analysts, Cytokinetics's stock has a predicted upside of 67.36% based on their 12-month stock forecasts.

What analysts cover Cytokinetics?: Cytokinetics has been rated by B. Riley, Cantor Fitzgerald, HC Wainwright, JMP Securities, Needham & Company LLC, and The Goldman Sachs Group in the past 90 days.

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This page (NASDAQ:CYTK) was last updated on 12/1/2023 by MarketBeat.com Staff

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