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Incyte Corp has a consensus price target of $78.26 based on the ratings of 26 analysts. The high is $100 issued by Credit Suisse on February 16, 2023. The low is $52 issued by BMO Capital on October 30, 2024. The 3 most-recent analyst ratings were released by Wells Fargo, UBS, and RBC Capital on December 19, 2024, December 17, 2024, and November 19, 2024, respectively. With an average price target of $73.67 between Wells Fargo, UBS, and RBC Capital, there's an implied 7.04% upside for Incyte Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Incyte (NASDAQ:INCY) was reported by Wells Fargo on December 19, 2024. The analyst firm set a price target for $70.00 expecting INCY to rise to within 12 months (a possible 1.71% upside). 50 analyst firms have reported ratings in the last year.
The latest analyst rating for Incyte (NASDAQ:INCY) was provided by Wells Fargo, and Incyte maintained their equal-weight rating.
The last upgrade for Incyte Corp happened on October 30, 2024 when B of A Securities raised their price target to $90. B of A Securities previously had a neutral for Incyte Corp.
The last downgrade for Incyte Corp happened on September 18, 2024 when Truist Securities changed their price target from $83 to $74 for Incyte Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Incyte, 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 Incyte was filed on December 19, 2024 so you should expect the next rating to be made available sometime around December 19, 2025.
While ratings are subjective and will change, the latest Incyte (INCY) rating was a maintained with a price target of $68.00 to $70.00. The current price Incyte (INCY) is trading at is $68.82, which is within the analyst’s predicted range.
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