Arcadia Biosciences, Inc. (RKDA)
NASDAQ: RKDA · IEX Real-Time Price · USD
3.060
+0.050 (1.66%)
May 31, 2024, 4:30 PM EDT - Market closed
Arcadia Biosciences Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Arcadia Biosciences stock has a target of 6.00, which predicts an increase of 96.08% from the current stock price of 3.06.
Analyst Consensus: Strong Buy
Analyst Ratings
According to 1 stock analyst, the rating for RKDA is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $10 → $6 | Strong Buy | Maintains | $10 → $6 | +96.08% | May 23, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +226.80% | Apr 5, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $15 → $10 | Strong Buy | Maintains | $15 → $10 | +226.80% | Aug 28, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | +390.20% | Jul 24, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $18 → $15 | Strong Buy | Maintains | $18 → $15 | +390.20% | Jun 5, 2023 |
Financial Forecast
Revenue This Year
6.30M
from 5.33M
Increased by 18.18%
Revenue Next Year
8.16M
from 6.30M
Increased by 29.54%
EPS This Year
-5.65
from -11.30
EPS Next Year
-4.70
from -5.65
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 6.8M | 8.4M |
| Avg | 6.3M | 8.2M |
| Low | 5.8M | 7.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 27.1% | 33.4% |
| Avg | 18.2% | 29.5% |
| Low | 8.5% | 24.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -5.26 | -4.84 |
| Avg | -5.65 | -4.70 |
| Low | -5.95 | -4.52 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.