Analyst Ratings for Nkarta
Portfolio Pulse from Benzinga Insights
Analysts have provided bullish ratings for Nkarta (NASDAQ:NKTX) with 6 analysts rating the stock as bullish in the last quarter. The average price target given is $12.5, which is significantly higher than the current price of $2.76, suggesting a substantial upside. However, this target represents a 14.79% decrease from the previous target of $14.67. Analyst ratings are opinions and can vary each quarter based on company performance and market conditions.
December 12, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
With a unanimous bullish outlook from 6 analysts and a price target of $12.5, Nkarta's stock could see significant short-term upside from its current price of $2.76. However, the decrease in the average price target suggests a tempered optimism.
The unanimous bullish rating and the high price target compared to the current stock price suggest a positive short-term impact on NKTX's stock price. The decrease in the target price may slightly dampen enthusiasm, but the substantial gap between the current price and the target indicates strong upside potential. As analyst ratings can influence investor sentiment, this news is likely to be taken positively by the market.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100