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The Analyst Verdict: Absci In The Eyes Of 6 Experts

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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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