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Beam Therapeutics Inc has a consensus price target of $60.13 based on the ratings of 16 analysts. The high is $130 issued by Guggenheim on January 5, 2022. The low is $27 issued by RBC Capital on August 7, 2024. The 3 most-recent analyst ratings were released by HC Wainwright & Co., JP Morgan, and Barclays on August 22, 2024, August 7, 2024, and August 7, 2024, respectively. With an average price target of $53 between HC Wainwright & Co., JP Morgan, and Barclays, there's an implied 97.03% upside for Beam Therapeutics Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Beam Therapeutics (NASDAQ:BEAM) was reported by HC Wainwright & Co. on August 22, 2024. The analyst firm set a price target for $80.00 expecting BEAM to rise to within 12 months (a possible 197.40% upside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for Beam Therapeutics (NASDAQ:BEAM) was provided by HC Wainwright & Co., and Beam Therapeutics reiterated their buy rating.
The last upgrade for Beam Therapeutics Inc happened on January 29, 2024 when JP Morgan raised their price target to $40. JP Morgan previously had a neutral for Beam Therapeutics Inc.
The last downgrade for Beam Therapeutics Inc happened on December 15, 2023 when B of A Securities changed their price target from N/A to $35 for Beam Therapeutics Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Beam Therapeutics, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Beam Therapeutics was filed on August 22, 2024 so you should expect the next rating to be made available sometime around August 22, 2025.
While ratings are subjective and will change, the latest Beam Therapeutics (BEAM) rating was a reiterated with a price target of $80.00 to $80.00. The current price Beam Therapeutics (BEAM) is trading at is $26.90, which is out of the analyst’s predicted range.
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