The Latest Analyst Ratings for Incyte
Portfolio Pulse from Benzinga Insights
Incyte (NASDAQ:INCY) has received 5 analyst ratings in the last quarter, with 2 bullish and 3 indifferent. The 12-month average price target is $76.2, down 12.74% from the previous $87.33. The high target is $98.00 and the low is $63.00. Analyst ratings are updated quarterly and can influence stock performance.
November 21, 2023 | 12:00 pm
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NEUTRAL IMPACT
Incyte's average analyst price target has decreased by 12.74% to $76.2, with 2 bullish and 3 indifferent ratings in the last quarter.
The decrease in the average price target suggests a more cautious outlook from analysts, which could lead to short-term uncertainty in the stock price. However, the absence of bearish ratings and the presence of bullish ratings may balance the impact, leading to a neutral score. The relevance is high as the article is specifically about Incyte's analyst ratings. The importance is significant as analyst ratings can influence investor sentiment, but not critical as they are subject to change and error. The confidence level is high due to the clear data provided on analyst ratings and price targets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100