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Sagimet Biosciences (SGMT) Stock Forecast & Price Target

$3.11
+0.02 (+0.65%)
(As of 10:32 AM ET)

Sagimet Biosciences - 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 7 Wall Street analysts who have issued ratings for Sagimet Biosciences in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 1 has given a hold rating, and 6 have given a buy rating for SGMT.

Consensus Price Target

$35.80
1,051.13% Upside
High Forecast$67.00
Average Forecast$35.80
Low Forecast$6.00

According to the 7 analysts' twelve-month price targets for Sagimet Biosciences, the average price target is $35.80. The highest price target for SGMT is $67.00, while the lowest price target for SGMT is $6.00. The average price target represents a forecasted upside of 1,051.13% from the current price of $3.11.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate Buy
Buy
Buy
N/A
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
N/A
Buy
6 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
N/A
Hold
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
N/A
Consensus Price Target$35.80$39.20$41.50N/A
Forecasted Upside1,051.13% Upside465.49% Upside421.36% UpsideN/A
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SGMT 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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SGMT 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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Sagimet Biosciences Stock vs. The Competition

TypeSagimet BiosciencesMedical CompaniesS&P 500
Consensus Rating Score
2.86
2.72
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside1,058.58% Upside3,004.89% Upside9.24% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/28/2024The Goldman Sachs Group
2 of 5 stars
A. Tan
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Reiterated RatingBuy ➝ Neutral$23.00 ➝ $6.00+45.99%
6/14/2024HC Wainwright
3 of 5 stars
E. Arce
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Reiterated RatingBuy ➝ Buy$32.00 ➝ $32.00+568.06%
6/7/2024JMP Securities
2 of 5 stars
 Reiterated RatingMarket Outperform ➝ Market Outperform$48.00 ➝ $48.00+900.00%
3/25/2024Leerink Partnrs
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T. Smith
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Reiterated RatingOutperform
3/25/2024SVB Leerink
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 Initiated CoverageOutperform$26.00+476.50%
8/8/2023TD Cowen
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 Initiated CoverageOutperform
8/8/2023Piper Sandler
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 Initiated CoverageOverweight$67.00+320.33%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:50 AM ET.

SGMT Forecast - Frequently Asked Questions

What is Sagimet Biosciences' forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Sagimet Biosciences is $35.80, with a high forecast of $67.00 and a low forecast of $6.00.

Should I buy or sell Sagimet Biosciences stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sagimet Biosciences in the last twelve months. There is currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SGMT shares.

Does Sagimet Biosciences's stock price have much upside?

According to analysts, Sagimet Biosciences's stock has a predicted upside of 424.16% based on their 12-month stock forecasts.

What analysts cover Sagimet Biosciences?

Sagimet Biosciences has been rated by research analysts at HC Wainwright, JMP Securities, and The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Sagimet Biosciences more than its competitors?

Analysts like Sagimet Biosciences more than other "medical" companies. The consensus rating score for Sagimet Biosciences is 2.86 while the average consensus rating score for "medical" companies is 2.72. Learn more on how SGMT compares to other companies.


This page (NASDAQ:SGMT) was last updated on 7/23/2024 by MarketBeat.com Staff

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