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Spruce Biosciences Inc has a consensus price target of $4.29 based on the ratings of 11 analysts. The high is $9 issued by SVB Leerink on September 8, 2023. The low is $2 issued by RBC Capital on August 13, 2024. The 3 most-recent analyst ratings were released by RBC Capital, Oppenheimer, and RBC Capital on August 13, 2024, June 13, 2024, and March 14, 2024, respectively. With an average price target of $2.33 between RBC Capital, Oppenheimer, and RBC Capital, there's an implied 430.18% upside for Spruce Biosciences Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Spruce Biosciences (NASDAQ:SPRB) was reported by HC Wainwright & Co. on August 19, 2024. The analyst firm set a price target for $0.00 expecting SPRB to fall to within 12 months (a possible -100.00% downside). 15 analyst firms have reported ratings in the last year.
The latest analyst rating for Spruce Biosciences (NASDAQ:SPRB) was provided by HC Wainwright & Co., and Spruce Biosciences reiterated their neutral rating.
The last upgrade for Spruce Biosciences Inc happened on September 8, 2023 when SVB Leerink raised their price target to $9. SVB Leerink previously had a market perform for Spruce Biosciences Inc.
The last downgrade for Spruce Biosciences Inc happened on March 14, 2024 when RBC Capital changed their price target from $9 to $2 for Spruce Biosciences Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Spruce Biosciences, 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 Spruce Biosciences was filed on August 19, 2024 so you should expect the next rating to be made available sometime around August 19, 2025.
While ratings are subjective and will change, the latest Spruce Biosciences (SPRB) rating was a reiterated with a price target of $0.00 to $0.00. The current price Spruce Biosciences (SPRB) is trading at is $0.44, which is out of the analyst’s predicted range.
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