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Ikena Oncology (IKNA) Stock Forecast & Price Target

$1.70
+0.02 (+1.19%)
(As of 07/26/2024 ET)

Ikena Oncology - 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

Based on 3 Wall Street analysts who have issued ratings for Ikena Oncology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 3 analysts, 1 has given a hold rating, and 2 have given a buy rating for IKNA.

Consensus Price Target

$3.00
76.47% Upside
High Forecast$4.00
Average Forecast$3.00
Low Forecast$2.00

According to the 3 analysts' twelve-month price targets for Ikena Oncology, the average price target is $3.00. The highest price target for IKNA is $4.00, while the lowest price target for IKNA is $2.00. The average price target represents a forecasted upside of 76.47% from the current price of $1.70.

TypeCurrent Forecast
7/27/23 to 7/26/24
1 Month Ago
6/27/23 to 6/26/24
3 Months Ago
4/28/23 to 4/27/24
1 Year Ago
7/27/22 to 7/27/23
Consensus Rating
Moderate Buy
Moderate 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)
3 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 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$3.00$3.00$9.50$15.50
Forecasted Upside76.47% Upside125.56% Upside550.68% Upside186.24% Upside
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IKNA 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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IKNA 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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Ikena Oncology Stock vs. The Competition

TypeIkena OncologyMedical CompaniesS&P 500
Consensus Rating Score
2.67
2.72
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside76.99% Upside2,848.63% Upside9.14% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/29/2024Wedbush
3 of 5 stars
 DowngradeOutperform ➝ Neutral$8.00 ➝ $2.00+50.38%
5/29/2024HC Wainwright
3 of 5 stars
 Lower TargetBuy ➝ Buy$11.00 ➝ $4.00+200.75%
11/16/2023William Blair
2 of 5 stars
 Reiterated RatingOutperform
3/15/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperform$16.00 ➝ $13.00+208.79%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:12 PM ET.

IKNA Forecast - Frequently Asked Questions

What is Ikena Oncology's forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Ikena Oncology is $3.00, with a high forecast of $4.00 and a low forecast of $2.00.

Should I buy or sell Ikena Oncology stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ikena Oncology in the last twelve months. There is currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IKNA shares.

Does Ikena Oncology's stock price have much upside?

According to analysts, Ikena Oncology's stock has a predicted upside of 125.56% based on their 12-month stock forecasts.

Has Ikena Oncology been downgraded by Wall Street analysts recently?

Over the previous 90 days, Ikena Oncology's stock had 1 downgrade by analysts.

What analysts cover Ikena Oncology?

Ikena Oncology has been rated by research analysts at HC Wainwright, and Wedbush in the past 90 days.

Do Wall Street analysts like Ikena Oncology more than its competitors?

Analysts like Ikena Oncology less than other "medical" companies. The consensus rating score for Ikena Oncology is 2.67 while the average consensus rating score for "medical" companies is 2.72. Learn more on how IKNA compares to other companies.


This page (NASDAQ:IKNA) was last updated on 7/26/2024 by MarketBeat.com Staff

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