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Erasca Inc has a consensus price target of $7.81 based on the ratings of 8 analysts. The high is $15 issued by Morgan Stanley on February 3, 2023. The low is $3.5 issued by Goldman Sachs on October 25, 2024. The 3 most-recent analyst ratings were released by Jefferies, HC Wainwright & Co., and Goldman Sachs on November 18, 2024, November 13, 2024, and October 25, 2024, respectively. With an average price target of $5.17 between Jefferies, HC Wainwright & Co., and Goldman Sachs, there's an implied 99.87% upside for Erasca Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Erasca (NASDAQ:ERAS) was reported by Jefferies on November 18, 2024. The analyst firm set a price target for $6.00 expecting ERAS to rise to within 12 months (a possible 132.11% upside). 15 analyst firms have reported ratings in the last year.
The latest analyst rating for Erasca (NASDAQ:ERAS) was provided by Jefferies, and Erasca initiated their buy rating.
The last upgrade for Erasca Inc happened on February 3, 2023 when Morgan Stanley raised their price target to $15. Morgan Stanley previously had an equal-weight for Erasca Inc.
The last downgrade for Erasca Inc happened on January 5, 2024 when B of A Securities changed their price target from $11 to $6 for Erasca Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Erasca, 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 Erasca was filed on November 18, 2024 so you should expect the next rating to be made available sometime around November 18, 2025.
While ratings are subjective and will change, the latest Erasca (ERAS) rating was a initiated with a price target of $0.00 to $6.00. The current price Erasca (ERAS) is trading at is $2.59, which is within the analyst’s predicted range.
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