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Biomarin Pharmaceutical Inc has a consensus price target of $104.08 based on the ratings of 28 analysts. The high is $140 issued by Truist Securities on September 25, 2023. The low is $70 issued by Wedbush on August 1, 2023. The 3 most-recent analyst ratings were released by Scotiabank, Truist Securities, and Wells Fargo on September 17, 2024, respectively. With an average price target of $86 between Scotiabank, Truist Securities, and Wells Fargo, there's an implied 21.66% upside for Biomarin Pharmaceutical Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Biomarin Pharmaceutical (NASDAQ:BMRN) was reported by Scotiabank on September 17, 2024. The analyst firm set a price target for $78.00 expecting BMRN to rise to within 12 months (a possible 10.34% upside). 51 analyst firms have reported ratings in the last year.
The latest analyst rating for Biomarin Pharmaceutical (NASDAQ:BMRN) was provided by Scotiabank, and Biomarin Pharmaceutical maintained their sector perform rating.
The last upgrade for Biomarin Pharmaceutical Inc happened on August 20, 2024 when Bernstein raised their price target to $110. Bernstein previously had a market perform for Biomarin Pharmaceutical Inc.
The last downgrade for Biomarin Pharmaceutical Inc happened on May 17, 2024 when Baird changed their price target from $104 to $72 for Biomarin Pharmaceutical Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Biomarin Pharmaceutical, 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 Biomarin Pharmaceutical 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 Biomarin Pharmaceutical (BMRN) rating was a maintained with a price target of $95.00 to $78.00. The current price Biomarin Pharmaceutical (BMRN) is trading at is $70.69, which is out of the analyst’s predicted range.
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