MEREO BIOPHARMA (MREO) Upgraded to Buy: What Does It Mean for the Stock?
Portfolio Pulse from
Mereo BioPharma (MREO) has been upgraded to a Zacks Rank #2 (Buy), reflecting an upward trend in earnings estimates. The upgrade suggests potential improvement in the company's underlying business and could positively impact its stock price. Analysts have raised their fiscal year 2024 earnings estimates by 83.3% over the past three months.
March 20, 2025 | 5:15 pm
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Zacks Rank upgrade indicates improving earnings outlook and potential near-term stock price appreciation. Analysts expect fiscal 2024 earnings of -$0.06 per share, a 70% change from the previous year.
The Zacks Rank upgrade is based on positive earnings estimate revisions, which historically correlate with near-term stock price movements. The significant increase in earnings estimates suggests improving business fundamentals.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100