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Alkermes PLC has a consensus price target of $34.63 based on the ratings of 17 analysts. The high is $50 issued by Jefferies on April 9, 2024. The low is $25 issued by UBS on February 20, 2024. The 3 most-recent analyst ratings were released by Cantor Fitzgerald, Cantor Fitzgerald, and JP Morgan on September 16, 2024, July 25, 2024, and July 25, 2024, respectively. With an average price target of $42.67 between Cantor Fitzgerald, Cantor Fitzgerald, and JP Morgan, there's an implied 59.29% upside for Alkermes PLC from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Alkermes (NASDAQ:ALKS) was reported by Cantor Fitzgerald on September 16, 2024. The analyst firm set a price target for $48.00 expecting ALKS to rise to within 12 months (a possible 79.20% upside). 22 analyst firms have reported ratings in the last year.
The latest analyst rating for Alkermes (NASDAQ:ALKS) was provided by Cantor Fitzgerald, and Alkermes reiterated their overweight rating.
The last upgrade for Alkermes PLC happened on October 24, 2023 when Evercore ISI Group raised their price target to N/A. Evercore ISI Group previously had an in-line for Alkermes PLC.
The last downgrade for Alkermes PLC happened on February 20, 2024 when UBS changed their price target from $25 to $25 for Alkermes PLC.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Alkermes, 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 Alkermes was filed on September 16, 2024 so you should expect the next rating to be made available sometime around September 16, 2025.
While ratings are subjective and will change, the latest Alkermes (ALKS) rating was a reiterated with a price target of $48.00 to $48.00. The current price Alkermes (ALKS) is trading at is $26.79, which is out of the analyst’s predicted range.
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