Nektar Therapeutics has a consensus price target of $5.88 based on the ratings of 12 analysts. The high is $20 issued by Benchmark on November 8, 2021. The low is $1 issued by Jefferies on March 6, 2024. The 3 most-recent analyst ratings were released by Jefferies, Mizuho, and Jefferies on March 6, 2024, August 7, 2023, and May 10, 2023, respectively. With an average price target of $2.67 between Jefferies, Mizuho, and Jefferies, there's an implied 115.05% upside for Nektar Therapeutics from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Nektar Therapeutics (NASDAQ:NKTR) was reported by Jefferies on March 6, 2024. The analyst firm set a price target for $1.00 expecting NKTR to fall to within 12 months (a possible -19.35% downside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for Nektar Therapeutics (NASDAQ:NKTR) was provided by Jefferies, and Nektar Therapeutics maintained their hold rating.
The last upgrade for Nektar Therapeutics happened on November 9, 2023 when TD Cowen raised their price target to N/A. TD Cowen previously had a market perform for Nektar Therapeutics.
The last downgrade for Nektar Therapeutics happened on February 24, 2023 when Jefferies changed their price target from $3.2 to $1.5 for Nektar Therapeutics.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Nektar Therapeutics, 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 Nektar Therapeutics was filed on March 6, 2024 so you should expect the next rating to be made available sometime around March 6, 2025.
While ratings are subjective and will change, the latest Nektar Therapeutics (NKTR) rating was a maintained with a price target of $0.50 to $1.00. The current price Nektar Therapeutics (NKTR) is trading at is $1.24, which is out of the analyst’s predicted range.
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