Schrödinger (SDGR) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Schrödinger in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SDGR shares.
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5 brokerages have issued 12 month target prices for Schrödinger's shares. Their SDGR share price forecasts range from $23.00 to $67.00. On average, they expect the company's share price to reach $52.00 in the next year. This suggests a possible upside of 89.9% from the stock's current price.
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Schrödinger's stock was trading at $18.69 at the beginning of 2023. Since then, SDGR stock has increased by 46.5% and is now trading at $27.38.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Schrödinger, Inc. (NASDAQ:SDGR) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.43) by $0.22. The firm earned $35.19 million during the quarter, compared to analyst estimates of $35.28 million. Schrödinger had a negative trailing twelve-month return on equity of 20.98% and a net margin of 34.24%.

ETFs with the largest weight of Schrödinger (NASDAQ:SDGR) stock in their portfolio include ARK Genomic Revolution ETF (ARKG), TrueShares Technology, AI & Deep Learning ETF (LRNZ), Tuttle Long Cramer Tracker ETF (LJIM), Subversive Mental Health ETF (SANE), Jacob Forward ETF (JFWD), Invesco S&P SmallCap Health Care ETF (PSCH), SPDR FactSet Innovative Technology ETF (XITK) and Motley Fool Small-Cap Growth ETF (TMFS).

Schrödinger issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $205.91 million-$229.98 million, compared to the consensus revenue estimate of $208.42 million.

8 employees have rated Schrödinger Chief Executive Officer Ramy Farid on Glassdoor.com. Ramy Farid has an approval rating of 95% among the company's employees. This puts Ramy Farid in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Schrödinger investors own include NVIDIA (NVDA), Marvell Technology (MRVL), Tesla (TSLA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Block (SQ), Cisco Systems (CSCO), Teladoc Health (TDOC), Alteryx (AYX) and QUALCOMM (QCOM).

(SDGR) raised $150 million in an initial public offering (IPO) on Thursday, February 6th 2020. The company issued 10,000,000 shares at a price of $14.00-$16.00 per share. Morgan Stanley, BofA Securities, Jefferies and BMO Capital Markets served as the underwriters for the IPO.

Schrödinger trades on the NASDAQ under the ticker symbol "SDGR."

Shares of SDGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SDGR stock can currently be purchased for approximately $27.38.

Schrödinger (NASDAQ:SDGR) has a market capitalization of $1.97 billion and generates $180.96 million in revenue each year. The company earns $-149,190,000.00 in net income (profit) each year or $0.86 on an earnings per share basis.

The company employs 787 workers across the globe.

Schrödinger's mailing address is 120 WEST 45TH STREET 17TH FLOOR, NEW YORK NY, 10036. The official website for the company is www.schrodinger.com. The company can be reached via phone at 212-295-5800 or via email at christina.tartaglia@sternir.com.