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Rhythm Pharmaceuticals Inc has a consensus price target of $56.27 based on the ratings of 15 analysts. The high is $80 issued by Canaccord Genuity on November 19, 2024. The low is $25 issued by Stifel on June 17, 2022. The 3 most-recent analyst ratings were released by Oppenheimer, Goldman Sachs, and HC Wainwright & Co. on December 20, 2024, December 5, 2024, and December 4, 2024, respectively. With an average price target of $70.33 between Oppenheimer, Goldman Sachs, and HC Wainwright & Co., there's an implied 25.33% upside for Rhythm Pharmaceuticals Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Rhythm Pharmaceuticals (NASDAQ:RYTM) was reported by Oppenheimer on December 20, 2024. The analyst firm set a price target for $76.00 expecting RYTM to rise to within 12 months (a possible 35.42% upside). 29 analyst firms have reported ratings in the last year.
The latest analyst rating for Rhythm Pharmaceuticals (NASDAQ:RYTM) was provided by Oppenheimer, and Rhythm Pharmaceuticals initiated their outperform rating.
The last upgrade for Rhythm Pharmaceuticals Inc happened on December 19, 2023 when Morgan Stanley raised their price target to $55. Morgan Stanley previously had an equal-weight for Rhythm Pharmaceuticals Inc.
The last downgrade for Rhythm Pharmaceuticals Inc happened on May 8, 2024 when B of A Securities changed their price target from $49 to $42 for Rhythm Pharmaceuticals Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rhythm 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 Rhythm 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 Rhythm Pharmaceuticals (RYTM) rating was a initiated with a price target of $0.00 to $76.00. The current price Rhythm Pharmaceuticals (RYTM) is trading at is $56.12, which is within the analyst’s predicted range.
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