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T2 Biosystems (TTOO) Stock Forecast & Price Target

$5.00
-0.10 (-1.96%)
(As of 07/23/2024 ET)

T2 Biosystems - 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 1 Wall Street analysts who have issued ratings for T2 Biosystems in the last 12 months, the stock has a consensus rating of "Hold." Out of the 1 analysts, 1 has given a hold rating for TTOO.

Consensus Price Target

$3.00
-40.00% Downside
High Forecast$3.00
Average Forecast$3.00
Low Forecast$3.00

According to the 1 analysts' twelve-month price targets for T2 Biosystems, the average price target is $3.00. The highest price target for TTOO is $3.00, while the lowest price target for TTOO is $3.00. The average price target represents a forecasted downside of -40.00% from the current price of $5.00.

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
Hold
Hold
N/A
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
N/A
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
N/A
0 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
N/A
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
N/A
0 Sell rating(s)
Consensus Price Target$3.00$3.00N/A$250.00
Forecasted Upside-40.00% Downside1.69% UpsideN/A-1.96% Downside
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TTOO 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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TTOO 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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T2 Biosystems Stock vs. The Competition

TypeT2 BiosystemsMedical CompaniesS&P 500
Consensus Rating Score
2.00
2.72
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-38.90% Downside3,075.55% Upside9.49% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/29/2024Canaccord Genuity Group
1 of 5 stars
 Lower TargetHold ➝ Hold$12.00 ➝ $3.00+1.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:34 PM ET.

TTOO Forecast - Frequently Asked Questions

What is T2 Biosystems' forecast for 2024?

According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for T2 Biosystems is $3.00, with a high forecast of $3.00 and a low forecast of $3.00.

Should I buy or sell T2 Biosystems stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for T2 Biosystems in the last year. There is currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TTOO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TTOO, but not buy additional shares or sell existing shares.

Does T2 Biosystems's stock price have much upside?

According to analysts, T2 Biosystems's stock has a predicted upside of 1.69% based on their 12-month stock forecasts.

What analysts cover T2 Biosystems?

T2 Biosystems has been rated by research analysts at Canaccord Genuity Group in the past 90 days.

Do Wall Street analysts like T2 Biosystems more than its competitors?

Analysts like T2 Biosystems less than other "medical" companies. The consensus rating for T2 Biosystems is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how TTOO compares to other companies.


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

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