Erasca (ERAS) Stock Forecast & Price Target

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$1.84

-0.09 (-4.66%)

(As of 04/17/2024 ET)

Erasca 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 5 Analyst Ratings

Analysts' Consensus Price Target

$7.83
325.72% Upside

High Forecast	$11.00
Average Forecast	$7.83
Low Forecast	$6.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
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	4 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	3 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	$7.83	$8.00	$9.50	$11.33
Predicted Upside	325.72% Upside	258.57% Upside	237.53% Upside	218.35% Upside

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ERAS 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.

ERAS 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.

Erasca Stock vs. The Competition

Type	Erasca	Medical Companies	S&P 500
Consensus Rating Score	2.80	2.68	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	325.72% Upside	926.66% Upside	12.24% Upside
News Sentiment Rating	Negative News	Neutral 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
4/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$6.00 ➝ $7.00	+215.31%
3/28/2024	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Maldonado Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$8.00	+288.35%
3/11/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Quibria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight	$8.00	+250.88%
1/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$11.00 ➝ $6.00	+177.78%
11/29/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$8.00 ➝ $7.00	+270.37%
6/6/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$20.00 ➝ $11.00	+233.33%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:57 AM ET.

ERAS Price Target - Frequently Asked Questions

What is Erasca's consensus rating and price target?: According to the issued ratings of 5 analysts in the last year, the consensus rating for Erasca stock is Moderate Buy based on the current 1 hold rating and 4 buy ratings for ERAS. The average twelve-month price prediction for Erasca is $7.83 with a high price target of $11.00 and a low price target of $6.00. Learn more on ERAS's analyst rating history.
Do Wall Street analysts like Erasca more than its competitors?: Analysts like Erasca more than other Medical companies. The consensus rating score for Erasca is 2.80 while the average consensus rating score for medical companies is 2.68. Learn more on how ERAS compares to other companies.
Does Erasca's stock price have much upside?: According to analysts, Erasca's stock has a predicted upside of 251.41% based on their 12-month stock forecasts.

What analysts cover Erasca?: Erasca has been rated by Capital One Financial, HC Wainwright, and The Goldman Sachs Group in the past 90 days.

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This page (NASDAQ:ERAS) was last updated on 4/18/2024 by MarketBeat.com Staff

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Erasca (ERAS) Stock Forecast & Price Target

Erasca Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

ERAS Analyst Ratings By Month

ERAS Price Targets by Month

Erasca Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

ERAS Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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