Analyst Ratings for Zai Lab
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 6 Wall Street analysts have provided ratings for Zai Lab (NASDAQ:ZLAB), with an average price target of $78.56, which is significantly higher than the current price of $27.66. The consensus among these analysts is positive, with 2 bullish and 4 somewhat bullish ratings. The current average price target represents an 8.51% decrease from the previous average price target of $85.87. Analysts derive their ratings by predicting future earnings and revenue, and their opinions are updated quarterly or after major company events.
November 30, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analysts have a positive outlook on Zai Lab with an average price target of $78.56, which is much higher than the current price of $27.66, despite a recent 8.51% decrease in target price from $85.87.
The unanimous positive ratings from analysts, combined with a significant upside implied by the average price target compared to the current stock price, suggest a bullish short-term impact on Zai Lab's stock. The decrease in the average price target may slightly temper expectations, but the overall positive sentiment remains strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100