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Foghorn Therapeutics Inc has a consensus price target of $16 based on the ratings of 8 analysts. The high is $20 issued by Evercore ISI Group on August 19, 2024. The low is $9 issued by Morgan Stanley on September 24, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Jefferies, and Evercore ISI Group on September 24, 2024, September 3, 2024, and August 19, 2024, respectively. With an average price target of $15.67 between Morgan Stanley, Jefferies, and Evercore ISI Group, there's an implied 102.94% upside for Foghorn Therapeutics Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Foghorn Therapeutics (NASDAQ:FHTX) was reported by Morgan Stanley on September 24, 2024. The analyst firm set a price target for $9.00 expecting FHTX to rise to within 12 months (a possible 16.58% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Foghorn Therapeutics (NASDAQ:FHTX) was provided by Morgan Stanley, and Foghorn Therapeutics maintained their equal-weight rating.
There is no last upgrade for Foghorn Therapeutics
The last downgrade for Foghorn Therapeutics Inc happened on August 24, 2022 when Morgan Stanley changed their price target from $25 to $15 for Foghorn Therapeutics Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Foghorn 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 Foghorn Therapeutics was filed on September 24, 2024 so you should expect the next rating to be made available sometime around September 24, 2025.
While ratings are subjective and will change, the latest Foghorn Therapeutics (FHTX) rating was a maintained with a price target of $6.00 to $9.00. The current price Foghorn Therapeutics (FHTX) is trading at is $7.72, which is within the analyst’s predicted range.
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