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Relay Therapeutics Inc has a consensus price target of $24 based on the ratings of 11 analysts. The high is $45 issued by Berenberg on February 1, 2022. The low is $16 issued by Jefferies on September 10, 2024. The 3 most-recent analyst ratings were released by JMP Securities, Stifel, and HC Wainwright & Co. on September 17, 2024, September 16, 2024, and September 16, 2024, respectively. With an average price target of $22.67 between JMP Securities, Stifel, and HC Wainwright & Co., there's an implied 248.98% upside for Relay Therapeutics Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Relay Therapeutics (NASDAQ:RLAY) was reported by JMP Securities on September 17, 2024. The analyst firm set a price target for $21.00 expecting RLAY to rise to within 12 months (a possible 223.32% upside). 22 analyst firms have reported ratings in the last year.
The latest analyst rating for Relay Therapeutics (NASDAQ:RLAY) was provided by JMP Securities, and Relay Therapeutics reiterated their market outperform rating.
The last upgrade for Relay Therapeutics Inc happened on September 10, 2024 when Jefferies raised their price target to $16. Jefferies previously had a hold for Relay Therapeutics Inc.
The last downgrade for Relay Therapeutics Inc happened on September 10, 2024 when Oppenheimer changed their price target from N/A to N/A for Relay Therapeutics Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Relay 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 Relay Therapeutics was filed on September 17, 2024 so you should expect the next rating to be made available sometime around September 17, 2025.
While ratings are subjective and will change, the latest Relay Therapeutics (RLAY) rating was a reiterated with a price target of $21.00 to $21.00. The current price Relay Therapeutics (RLAY) is trading at is $6.50, which is out of the analyst’s predicted range.
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