Shares of Galapagos NV (GLPG) have recently traded at $27.71, surpassing the 12-month average analyst target price of $27.70. Analysts will now assess whether to downgrade the stock due to valuation concerns or adjust the target higher based on the company’s recent developments.
Current analyst opinions show a mixed outlook: there are no “strong buy” or “buy” ratings, five “hold” ratings, two “sell” ratings, and two “strong sell” ratings. The average rating remains at 3.63, with a standard deviation of $7.379 among target prices ranging from $22.00 to $40.50.
The average rating system ranges from 1 (Strong Buy) to 5 (Strong Sell), indicating an overall cautious perspective on GLPG stock as it approaches its target price.
