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Ionis Pharmaceuticals Inc has a consensus price target of $58.62 based on the ratings of 28 analysts. The high is $88 issued by Wells Fargo on May 4, 2023. The low is $27 issued by SVB Leerink on February 23, 2023. The 3 most-recent analyst ratings were released by Needham, Piper Sandler, and Wells Fargo on December 20, 2024, November 14, 2024, and November 7, 2024, respectively. With an average price target of $66.33 between Needham, Piper Sandler, and Wells Fargo, there's an implied 86.85% upside for Ionis Pharmaceuticals Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ionis Pharmaceuticals (NASDAQ:IONS) was reported by Needham on December 20, 2024. The analyst firm set a price target for $60.00 expecting IONS to rise to within 12 months (a possible 69.01% upside). 34 analyst firms have reported ratings in the last year.
The latest analyst rating for Ionis Pharmaceuticals (NASDAQ:IONS) was provided by Needham, and Ionis Pharmaceuticals maintained their buy rating.
The last upgrade for Ionis Pharmaceuticals Inc happened on July 24, 2024 when Leerink Partners raised their price target to $62. Leerink Partners previously had a market perform for Ionis Pharmaceuticals Inc.
The last downgrade for Ionis Pharmaceuticals Inc happened on August 2, 2024 when BMO Capital changed their price target from $67 to $60 for Ionis Pharmaceuticals Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ionis Pharmaceuticals, 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 Ionis Pharmaceuticals was filed on December 20, 2024 so you should expect the next rating to be made available sometime around December 20, 2025.
While ratings are subjective and will change, the latest Ionis Pharmaceuticals (IONS) rating was a maintained with a price target of $60.00 to $60.00. The current price Ionis Pharmaceuticals (IONS) is trading at is $35.50, which is out of the analyst’s predicted range.
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