Novan (NOVN) Stock Forecast & Price Target

Today's Range: N/A
50-Day Range: $0.00
▼
$0.06
52-Week Range: N/A

Volume: 8,594 shs
Average Volume: 602,421 shs
Market Capitalization: $2.64 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.00

Novan 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

Hold
Based on 3 Analyst Ratings

Analysts' Consensus Price Target

$8.00

High Forecast	$8.00
Average Forecast	$8.00
Low Forecast	$8.00

Type	Current Forecast 12/7/22 to 12/7/23	1 Month Ago 11/7/22 to 11/7/23	3 Months Ago 9/8/22 to 9/8/23	1 Year Ago 12/7/21 to 12/7/22
Consensus Rating	Hold	Hold	Hold	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 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	$8.00	$8.00	$8.00	$14.50
Predicted Upside	N/A	566.67% Upside	566.67% Upside	433.09% Upside

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NOVN 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.

NOVN 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.

Novan Stock vs. The Competition

Type	Novan	Medical Companies	S&P 500
Consensus Rating Score	2.33	2.68	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside		650.69% Upside	1,909.68% 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
6/15/2023	Brookline Capital Management Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Dolliver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
6/1/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
3/31/2023	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight	$8.00	+566.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:18 PM ET.

NOVN Price Target - Frequently Asked Questions

What is Novan's consensus rating and price target?: According to the issued ratings of 3 analysts in the last year, the consensus rating for Novan stock is Hold based on the current 2 hold ratings and 1 buy rating for NOVN. The average twelve-month price prediction for Novan is $8.00 with a high price target of $8.00 and a low price target of $8.00. Learn more on NOVN's analyst rating history.
Do Wall Street analysts like Novan more than its competitors?: Analysts like Novan less than other Medical companies. The consensus rating for Novan is Hold while the average consensus rating for medical companies is Moderate Buy. Learn more on how NOVN compares to other companies.
Does Novan's stock price have much upside?: According to analysts, Novan's stock has a predicted upside of 566.67% based on their 12-month stock forecasts.

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This page (NASDAQ:NOVN) was last updated on 12/7/2023 by MarketBeat.com Staff

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