Where Elutia Stands With Analysts
Portfolio Pulse from Benzinga Insights
Elutia (NASDAQ:ELUT) has received 4 analyst ratings in the last quarter, with 1 bullish and 3 somewhat bullish, and no indifferent, somewhat bearish, or bearish ratings. The average 12-month price target for Elutia is $6.25, with a high of $8.00 and a low of $3.00. This target has decreased by 21.88% from the previous target of $8.00. Analysts rate stocks based on financial statements, meetings, and insider information, but their ratings are opinions and should be considered as such.
November 14, 2023 | 9:00 pm
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Elutia has a current average analyst price target of $6.25, which is a 21.88% decrease from the previous $8.00 target. The company has received 1 bullish and 3 somewhat bullish ratings in the last quarter.
The decrease in the average price target suggests that analysts have become more cautious about Elutia's future performance. However, the overall positive ratings indicate that the sentiment is still optimistic. The impact on the stock price is likely to be neutral in the short term as the positive ratings may balance out the negative sentiment from the lowered price target.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100