Consensus Rating1
Outperform
Highest Price Target1
$8.00
Lowest Price Target1
$4.00
Consensus Price Target1
$6.80

Mereo BioPharma Group (NASDAQ:MREO) Stock, Analyst Ratings, Price Targets, Forecasts

Mereo BioPharma Group PLC has a consensus price target of $6.8 based on the ratings of 5 analysts. The high is $8 issued by Leerink Partners on June 20, 2024. The low is $4 issued by SVB Leerink on November 10, 2022. The 3 most-recent analyst ratings were released by Needham, Cantor Fitzgerald, and Cantor Fitzgerald on November 12, 2024, October 1, 2024, and September 16, 2024, respectively. With an average price target of $7 between Needham, Cantor Fitzgerald, and Cantor Fitzgerald, there's an implied 93.10% upside for Mereo BioPharma Group PLC from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Aug
1
Sep
1
Oct
1
Nov
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
4.5
Strong Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Needham
Cantor Fitzgerald
Leerink Partners
Baird
SVB Leerink

1calculated from analyst ratings

Analyst Ratings for Mereo BioPharma Group

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Mereo BioPharma Group (MREO) stock?

A

The latest price target for Mereo BioPharma Group (NASDAQ:MREO) was reported by Needham on November 12, 2024. The analyst firm set a price target for $7.00 expecting MREO to rise to within 12 months (a possible 98.30% upside). 15 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Mereo BioPharma Group (MREO)?

A

The latest analyst rating for Mereo BioPharma Group (NASDAQ:MREO) was provided by Needham, and Mereo BioPharma Group reiterated their buy rating.

Q

When was the last upgrade for Mereo BioPharma Group (MREO)?

A

There is no last upgrade for Mereo BioPharma Group

Q

When was the last downgrade for Mereo BioPharma Group (MREO)?

A

There is no last downgrade for Mereo BioPharma Group.

Q

When is the next analyst rating going to be posted or updated for Mereo BioPharma Group (MREO)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Mereo BioPharma Group, 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 Mereo BioPharma Group was filed on November 12, 2024 so you should expect the next rating to be made available sometime around November 12, 2025.

Q

Is the Analyst Rating Mereo BioPharma Group (MREO) correct?

A

While ratings are subjective and will change, the latest Mereo BioPharma Group (MREO) rating was a reiterated with a price target of $7.00 to $7.00. The current price Mereo BioPharma Group (MREO) is trading at is $3.53, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

People Also Watch