NASDAQ:PRDS

Pardes Biosciences (PRDS) Price Target & Analyst Ratings

$2.16

0.00 (0.00%)

(As of 09/12/2023)

Compare

Today's Range: $2.16
▼
$2.16
50-Day Range: $2.09
▼
$2.16
52-Week Range: $0.75
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$3.93

Volume: 400 shs
Average Volume: 359,530 shs
Market Capitalization: $133.95 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.50

Pardes Biosciences Consensus Rating and Price Target (2023)

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 Analyst Rating

Hold
Based on 4 Analyst Ratings

Consensus Analyst Price Target

$3.50
62.04% Upside

High Prediction	$5.00
Average Prediction	$3.50
Low Prediction	$2.00

Type	Current 9/29/22 to 9/29/23	1 Month Ago 8/30/22 to 8/30/23	3 Months Ago 7/1/22 to 7/1/23	1 Year Ago 9/29/21 to 9/29/22
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	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 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	$3.50	$3.50	$3.50	$18.50
Predicted Upside	62.04% Upside	156.10% Upside	159.26% Upside	120.11% Upside

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PRDS 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.

PRDS 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.

Pardes Biosciences Stock vs. The Competition

Type	Pardes Biosciences	Medical Companies	S&P 500
Consensus Rating Score	2.00	2.66	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	62.04% Upside	854.68% Upside	698.17% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Historical Target Prices and Ratings

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
7/18/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
4/4/2023	SVB Leerink Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Ruiz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$9.00 ➝ $2.00	+42.86%
4/4/2023	SVB Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
4/3/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

(Data available from 9/29/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

PRDS Price Target - Frequently Asked Questions

What is Pardes Biosciences's consensus rating and price target?: According to the issued ratings of 4 analysts in the last year, the consensus rating for Pardes Biosciences stock is Hold based on the current 4 hold ratings for PRDS. The average twelve-month price prediction for Pardes Biosciences is $3.50 with a high price target of $5.00 and a low price target of $2.00. Learn more on PRDS's analyst rating history.
Do Wall Street analysts like Pardes Biosciences more than its competitors?: Analysts like Pardes Biosciences less than other Medical companies. The consensus rating for Pardes Biosciences is Hold while the average consensus rating for medical companies is Moderate Buy. Learn more on how PRDS compares to other companies.
Is Pardes Biosciences being downgraded by Wall Street analysts?: Over the previous 90 days, Pardes Biosciences's stock had 1 downgrade by analysts.

Does Pardes Biosciences's stock price have much upside?: According to analysts, Pardes Biosciences's stock has a predicted upside of 156.10% based on their 12-month price targets.
What analysts cover Pardes Biosciences?: Pardes Biosciences has been rated by JMP Securities in the past 90 days.

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This page (NASDAQ:PRDS) was last updated on 9/29/2023 by MarketBeat.com Staff

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