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Connect Biopharma Holdings Ltd has a consensus price target of $5.38 based on the ratings of 4 analysts. The high is $8 issued by HC Wainwright & Co. on June 13, 2024. The low is $1.5 issued by Piper Sandler on May 5, 2022. The 3 most-recent analyst ratings were released by HC Wainwright & Co. on June 13, 2024, April 17, 2024, and March 4, 2024, respectively. With an average price target of $7.67 between HC Wainwright & Co., there's an implied 610.40% upside for Connect Biopharma Holdings Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Connect Biopharma Hldgs (NASDAQ:CNTB) was reported by HC Wainwright & Co. on June 13, 2024. The analyst firm set a price target for $8.00 expecting CNTB to rise to within 12 months (a possible 641.29% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Connect Biopharma Hldgs (NASDAQ:CNTB) was provided by HC Wainwright & Co., and Connect Biopharma Hldgs reiterated their buy rating.
There is no last upgrade for Connect Biopharma Hldgs
The last downgrade for Connect Biopharma Holdings Ltd happened on May 5, 2022 when Piper Sandler changed their price target from $25 to $1.5 for Connect Biopharma Holdings Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Connect Biopharma Hldgs, 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 Connect Biopharma Hldgs was filed on June 13, 2024 so you should expect the next rating to be made available sometime around June 13, 2025.
While ratings are subjective and will change, the latest Connect Biopharma Hldgs (CNTB) rating was a reiterated with a price target of $8.00 to $8.00. The current price Connect Biopharma Hldgs (CNTB) is trading at is $1.08, which is out of the analyst’s predicted range.
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