HomeMost PopularIDEAYA Biosciences: Soaring Past Analyst Predictions Sparks Investment Buzz

IDEAYA Biosciences: Soaring Past Analyst Predictions Sparks Investment Buzz

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IDEAYA Biosciences Inc (Symbol: IDYA) shares have overtaken the average analyst 12-month target price of $44.10, trading at $44.29/share. The analyst community must now grapple with the consequences of this acceleration – to downgrade on valuation, or recalibrate the target higher based on favorable business developments. IDEAYA has 10 different analyst targets, with the stock’s $44.10 average concealing a wide dispersion, ranging from $35.00 to $55.00, and a standard deviation of $7.093.

The value of examining an average target lies in tapping into a collective β€œwisdom of crowds,” synthesizing diverse perspectives rather than reliance on individual expertise. IDYA crossing above the $44.10/share average target urges investors to reassess the company’s trajectory: is this simply a stepping stone to a loftier aim, or has valuation become inflated, prompting considerations of profit-taking? Let’s dissect the analysts’ current stance on IDEAYA Biosciences Inc:

Recent IDYA Analyst Ratings Breakdown
Β» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 10 10 10 10
Buy ratings: 1 1 1 1
Hold ratings: 0 0 0 0
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.09 1.09 1.09 1.09

The average rating ranges from 1 to 5, where 1 denotes Strong Buy and 5 indicates Strong Sell. This article references data provided by Zacks Investment Research via Quandl.com. Access the latest Zacks research report on IDYA β€” FREE.

nslideshowThe Top 25 Broker Analyst Picks of the S&P 500 Β»

Also see:

Β• Top Stocks Held By Paul Singer
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Β• DTEA market cap history

The opinions and views expressed here are the author’s own and do not reflect those of Nasdaq, Inc.

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