Across the recent three months, 6 analysts have shared their insights on Absci (NASDAQ:ABSI), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 2 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 2 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Absci, presenting an average target of $8.83, a high estimate of $13.00, and a low estimate of $7.00. This current average reflects an increase of 26.14% from the previous average price target of $7.00.
Interpreting Analyst Ratings: A Closer Look
A clear picture of Absci’s perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Swayampakula Ramakanth | HC Wainwright & Co. | Maintains | Buy | $7.00 | – |
| Robyn Karnauskas | Truist Securities | Maintains | Buy | $9.00 | $9.00 |
| Swayampakula Ramakanth | HC Wainwright & Co. | Maintains | Buy | $7.00 | – |
| George Farmer | Scotiabank | Announces | Sector Outperform | $13.00 | – |
| Robyn Karnauskas | Truist Securities | Announces | Buy | $9.00 | – |
| Scott Schoenhaus | Keybanc | Raises | Overweight | $8.00 | $5.00 |
Key Insights:
Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their reaction to recent developments related to Absci. This information offers a snapshot of how analysts perceive the current state of the company.
Rating: Analysts unravel qualitative evaluations for stocks, ranging from ‘Outperform’ to ‘Underperform’. These ratings offer insights into expectations for the relative performance of Absci compared to the broader market.
Price Targets: Delving into movements, analysts provide estimates for the future value of Absci’s stock. This analysis reveals shifts in analysts’ expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a…
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