9 Analysts Have This To Say About Incyte
Portfolio Pulse from Benzinga Insights
Incyte (NASDAQ:INCY) has been analyzed by 9 analysts, showing a range of opinions from bullish to bearish. The average 12-month price target has decreased by 11.59% to $68.78. Recent analyst actions include several downgrades and maintained ratings, reflecting a cautious outlook on the stock.
May 23, 2024 | 12:00 pm
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NEGATIVE IMPACT
Incyte has received mixed ratings from analysts, with a notable decrease in the average 12-month price target to $68.78, down 11.59% from the previous average. Recent downgrades and maintained ratings suggest a cautious sentiment towards the stock.
The decrease in the average price target and the recent downgrades by several analysts indicate a cautious sentiment towards Incyte. This is likely to have a negative short-term impact on the stock price as investors may react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100