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Rigel Pharmaceuticals Inc has a consensus price target of $21.46 based on the ratings of 7 analysts. The high is $57 issued by HC Wainwright & Co. on October 25, 2024. The low is $1.25 issued by B. Riley Securities on March 6, 2024. The 3 most-recent analyst ratings were released by Piper Sandler, Citigroup, and HC Wainwright & Co. on November 14, 2024, November 12, 2024, and October 25, 2024, respectively. With an average price target of $43 between Piper Sandler, Citigroup, and HC Wainwright & Co., there's an implied 69.04% upside for Rigel Pharmaceuticals Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Rigel Pharmaceuticals (NASDAQ:RIGL) was reported by Piper Sandler on November 14, 2024. The analyst firm set a price target for $23.00 expecting RIGL to fall to within 12 months (a possible -9.58% downside). 18 analyst firms have reported ratings in the last year.
The latest analyst rating for Rigel Pharmaceuticals (NASDAQ:RIGL) was provided by Piper Sandler, and Rigel Pharmaceuticals maintained their neutral rating.
The last upgrade for Rigel Pharmaceuticals Inc happened on December 2, 2022 when Citigroup raised their price target to N/A. Citigroup previously had a neutral for Rigel Pharmaceuticals Inc.
The last downgrade for Rigel Pharmaceuticals Inc happened on June 9, 2022 when Citigroup changed their price target from $7 to $0.8 for Rigel Pharmaceuticals Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rigel 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 Rigel Pharmaceuticals was filed on November 14, 2024 so you should expect the next rating to be made available sometime around November 14, 2025.
While ratings are subjective and will change, the latest Rigel Pharmaceuticals (RIGL) rating was a maintained with a price target of $15.00 to $23.00. The current price Rigel Pharmaceuticals (RIGL) is trading at is $25.44, which is out of the analyst’s predicted range.
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