What 4 Analyst Ratings Have To Say About Allakos
Portfolio Pulse from Benzinga Insights
Over the last 3 months, 4 Wall Street analysts have provided ratings on Allakos (NASDAQ:ALLK), with 3 being somewhat bullish and 1 somewhat bearish. The average 12-month price target for Allakos is $8.12, ranging from a high of $11.00 to a low of $1.50. This target has increased by 20.3% from the previous target of $6.75. Analyst ratings are updated quarterly and are based on company performance, financial analysis, and insider information.
November 28, 2023 | 6:00 pm
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POSITIVE IMPACT
Allakos has received mostly positive ratings from analysts, with an increased average price target of $8.12, suggesting a bullish outlook for the stock in the short term.
The increase in the average price target for Allakos reflects a positive sentiment among analysts, which can influence investor perception and potentially lead to a short-term increase in the stock price. The predominance of somewhat bullish ratings over the past 3 months reinforces this outlook. However, as analyst ratings are opinions and not guarantees, the importance is not at the maximum level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100