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Revolution Medicines Inc has a consensus price target of $54.17 based on the ratings of 18 analysts. The high is $82 issued by Guggenheim on October 28, 2024. The low is $23 issued by Goldman Sachs on March 1, 2023. The 3 most-recent analyst ratings were released by Needham, HC Wainwright & Co., and JP Morgan on November 7, 2024, respectively. With an average price target of $65 between Needham, HC Wainwright & Co., and JP Morgan, there's an implied 14.54% upside for Revolution Medicines Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Revolution Medicines (NASDAQ:RVMD) was reported by Needham on November 7, 2024. The analyst firm set a price target for $68.00 expecting RVMD to rise to within 12 months (a possible 19.82% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for Revolution Medicines (NASDAQ:RVMD) was provided by Needham, and Revolution Medicines maintained their buy rating.
The last upgrade for Revolution Medicines Inc happened on April 10, 2024 when Raymond James raised their price target to $48. Raymond James previously had an outperform for Revolution Medicines Inc.
There is no last downgrade for Revolution Medicines.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Revolution Medicines, 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 Revolution Medicines was filed on November 7, 2024 so you should expect the next rating to be made available sometime around November 7, 2025.
While ratings are subjective and will change, the latest Revolution Medicines (RVMD) rating was a maintained with a price target of $61.00 to $68.00. The current price Revolution Medicines (RVMD) is trading at is $56.75, which is out of the analyst’s predicted range.
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