Analyst Expectations for Cybin's Future
Portfolio Pulse from Benzinga Insights
Analysts have recently provided ratings for Cybin (AMEX:CYBN), with 7 analysts offering a bullish to somewhat bullish outlook and none bearish. The average price target is $5.71, which is significantly higher than the current price of $0.445, suggesting a substantial upside. However, this target is a 42.9% decrease from the previous target of $10.00. The ratings indicate a positive sentiment towards CYBN stock.
November 17, 2023 | 3:00 pm
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POSITIVE IMPACT
Cybin has received positive ratings from analysts, with a new average price target of $5.71, indicating a potential significant upside from its current price.
The unanimous bullish sentiment from analysts, combined with a substantial price target above the current trading price, is likely to generate investor optimism and could lead to a short-term increase in CYBN's stock price. However, the decrease in the price target from $10.00 to $5.71 may temper expectations slightly.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100