Where Alkermes Stands With Analysts
Portfolio Pulse from Benzinga Insights
Alkermes (NASDAQ:ALKS) has received mixed analyst ratings in the last quarter, with 1 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average price target among these analysts is $33.5, which represents an upside from the current price of $24.24. This target has decreased by 9.46% from the previous target of $37.00. Analysts typically review stocks quarterly or after major company updates, considering factors like future earnings and revenue predictability.
November 20, 2023 | 4:00 pm
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Alkermes has a mixed outlook from analysts with an average price target of $33.5, indicating a potential upside from the current price of $24.24. The target has been reduced from $37.00, showing a decrease in analyst confidence.
The average price target suggests analysts see potential for growth in ALKS stock, despite the recent decrease in target price. The mixed ratings indicate uncertainty, but the overall positive target implies a bullish sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100