Analyst Expectations for Hoth Therapeutics's Future
Portfolio Pulse from Benzinga Insights
In the last quarter, Hoth Therapeutics (NASDAQ:HOTH) received 3 bullish and 2 somewhat bullish analyst ratings. The company's average 12-month price target is $10.4, down 68.48% from the previous average of $33.00.
June 20, 2023 | 6:01 pm
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Hoth Therapeutics received 5 positive analyst ratings in the last quarter, with an average 12-month price target of $10.4, down 68.48% from the previous average.
The majority of analyst ratings for Hoth Therapeutics are positive, indicating a bullish sentiment towards the stock. However, the decrease in the average 12-month price target suggests that analysts have lowered their expectations for the stock's performance. This could lead to short-term upward pressure on the stock price, but the lowered price target may also indicate potential headwinds in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100