Forecasting The Future: 5 Analyst Projections For Celldex Therapeutics
Portfolio Pulse from Benzinga Insights
Celldex Therapeutics (NASDAQ:CLDX) has received mixed ratings from 5 analysts in the last three months, with 1 bullish, 3 somewhat bullish, and 1 indifferent. The average 12-month price target is now $53.4, down from $63.50, with a high estimate of $80.00 and a low of $27.00. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance. Celldex focuses on immunotherapy technologies and cancer-targeting biologics, with clinical trials for various cancers. Despite impressive revenue growth of 272.73%, the company's net margin and ROE are below industry averages, and it has a conservative debt-to-equity ratio of 0.01.
December 20, 2023 | 7:00 pm
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Celldex Therapeutics has a mixed outlook from analysts, with a lowered average price target of $53.4. The company shows strong revenue growth but struggles with profitability and ROE.
The mixed analyst ratings and lowered price target suggest uncertainty, which could lead to a neutral short-term impact on the stock price. The strong revenue growth is positive, but concerns about profitability and ROE may temper investor enthusiasm.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100