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Aerovate Therapeutics

AVTENASDAQ
Logo brought to you by Benzinga Data
$1.90
-0.08-4.04%
At Close: -
$1.90
00.00%
After Hours: 5:57 PM EDT
15 minutes delayed
Consensus Rating1
Outperform
Highest Price Target1
$41.00
Lowest Price Target1
$2.00
Consensus Price Target1
$11.75

Aerovate Therapeutics (NASDAQ:AVTE) Stock, Analyst Ratings, Price Targets, Forecasts

Aerovate Therapeutics Inc has a consensus price target of $11.75 based on the ratings of 7 analysts. The high is $41 issued by Wedbush on June 6, 2024. The low is $2 issued by Evercore ISI Group on June 18, 2024. The 3 most-recent analyst ratings were released by Evercore ISI Group, Wells Fargo, and Jefferies on June 18, 2024, June 18, 2024, and June 17, 2024, respectively. With an average price target of $2 between Evercore ISI Group, Wells Fargo, and Jefferies, there's an implied 5.26% upside for Aerovate Therapeutics Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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Analyst Rating and Forecast
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1.9
Sell
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Analyst Firms Making Recommendations1

Evercore ISI Group
Wells Fargo
Jefferies
Wedbush

1calculated from analyst ratings

Analyst Ratings for Aerovate Therapeutics

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Aerovate Therapeutics (AVTE) stock?

A

The latest price target for Aerovate Therapeutics (NASDAQ:AVTE) was reported by Evercore ISI Group on June 18, 2024. The analyst firm set a price target for $2.00 expecting AVTE to rise to within 12 months (a possible 5.26% upside). 11 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Aerovate Therapeutics (AVTE)?

A

The latest analyst rating for Aerovate Therapeutics (NASDAQ:AVTE) was provided by Evercore ISI Group, and Aerovate Therapeutics downgraded their in-line rating.

Q

When was the last upgrade for Aerovate Therapeutics (AVTE)?

A

The last upgrade for Aerovate Therapeutics Inc happened on December 6, 2022 when BTIG raised their price target to $27. BTIG previously had a neutral for Aerovate Therapeutics Inc.

Q

When was the last downgrade for Aerovate Therapeutics (AVTE)?

A

The last downgrade for Aerovate Therapeutics Inc happened on June 18, 2024 when Evercore ISI Group changed their price target from $27 to $2 for Aerovate Therapeutics Inc.

Q

When is the next analyst rating going to be posted or updated for Aerovate Therapeutics (AVTE)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Aerovate 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 Aerovate Therapeutics was filed on June 18, 2024 so you should expect the next rating to be made available sometime around June 18, 2025.

Q

Is the Analyst Rating Aerovate Therapeutics (AVTE) correct?

A

While ratings are subjective and will change, the latest Aerovate Therapeutics (AVTE) rating was a downgraded with a price target of $27.00 to $2.00. The current price Aerovate Therapeutics (AVTE) is trading at is $1.90, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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