Skye Bioscience Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Skye Bioscience stock have an average target of 22, with a low estimate of 20 and a high estimate of 25. The average target predicts an increase of 89.49% from the current stock price of 11.61.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$20	$22	$21	$25
Change	+72.27%	+89.49%	+80.88%	+115.33%

Analyst Ratings

The average analyst rating for SKYE stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	0	0	0	0
Buy	1	1	2	3
Hold	0	0	0	0
Sell	0	0	0	0
Strong Sell	0	0	0	0
Total	1	1	2	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kristen Kluska Cantor Fitzgerald	Cantor Fitzgerald	Buy Initiates $21	Buy	Initiates	$21	+80.88%	May 23, 2024
Jay Olson Oppenheimer	Oppenheimer	Buy Initiates $25	Buy	Initiates	$25	+115.33%	Apr 12, 2024
Edward Tenthoff Piper Sandler	Piper Sandler	Buy Reiterates $12 → $20	Buy	Reiterates	$12 → $20	+72.27%	Mar 14, 2024
Edward Tenthoff Piper Sandler	Piper Sandler	Buy Initiates $12	Buy	Initiates	$12	+3.36%	Feb 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

n/a

Revenue Next Year

n/a

EPS This Year

-1.14

from -5.37

EPS Next Year

-1.22

from -1.14

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-	-	-	-	-	-	-	-	-	-
EPS	-12.50	-7.50	-5.00	-8.77	-5.37	-1.14	-1.22	-1.89	-	-
EPS Growth	-	-	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	4	4	3	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	n/a	n/a	n/a	n/a	n/a
Avg	n/a	n/a	n/a	n/a	n/a
Low	n/a	n/a	n/a	n/a	n/a

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-	-	-	-	-
Avg	-	-	-	-	-
Low	-	-	-	-	-

EPS Forecast

EPS	2024	2025	2026
High	-0.68	-0.97	-1.94
Avg	-1.14	-1.22	-1.89
Low	-1.55	-1.44	-1.81

EPS Growth

EPS Growth	2024	2025	2026
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.