Shares of Erasca Inc (Symbol: ERAS) have surpassed the average analyst 12-month target price of $4.12, trading at $5.17 each. This change has prompted analysts to reconsider their pricing strategies, with current targets ranging from a low of $1.00 to a high of $6.00, resulting in a standard deviation of $1.885.
Total analyst ratings include 7 Strong Buy, 2 Hold, and 1 Sell, with an average rating of 1.7 on a scale where 1 is Strong Buy and 5 is Strong Sell. Investors are now evaluating whether the stock’s rise is a precursor to higher valuations or a signal to take profits.
