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Veracyte Inc has a consensus price target of $38.67 based on the ratings of 10 analysts. The high is $46 issued by UBS on November 7, 2024. The low is $28 issued by Morgan Stanley on November 18, 2024. The 3 most-recent analyst ratings were released by Goldman Sachs, Morgan Stanley, and Scotiabank on December 5, 2024, November 18, 2024, and November 8, 2024, respectively. With an average price target of $36.33 between Goldman Sachs, Morgan Stanley, and Scotiabank, there's an implied -12.03% downside for Veracyte Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Veracyte (NASDAQ:VCYT) was reported by Goldman Sachs on December 5, 2024. The analyst firm set a price target for $37.00 expecting VCYT to fall to within 12 months (a possible -10.41% downside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for Veracyte (NASDAQ:VCYT) was provided by Goldman Sachs, and Veracyte downgraded their neutral rating.
There is no last upgrade for Veracyte
The last downgrade for Veracyte Inc happened on December 5, 2024 when Goldman Sachs changed their price target from $38 to $37 for Veracyte Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Veracyte, 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 Veracyte was filed on December 5, 2024 so you should expect the next rating to be made available sometime around December 5, 2025.
While ratings are subjective and will change, the latest Veracyte (VCYT) rating was a downgraded with a price target of $38.00 to $37.00. The current price Veracyte (VCYT) is trading at is $41.30, which is out of the analyst’s predicted range.
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