Absci Corporation (ABSI)
NASDAQ: ABSI · IEX Real-Time Price · USD
2.970
-0.040 (-1.33%)
At close: Jul 2, 2024, 4:00 PM
3.000
+0.030 (1.01%)
After-hours: Jul 2, 2024, 7:47 PM EDT
Absci Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Absci stock have an average target of 9.25, with a low estimate of 7.00 and a high estimate of 13. The average target predicts an increase of 211.45% from the current stock price of 2.97.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 15, 2024.
Analyst Ratings
The average analyst rating for Absci stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 3 | 3 | 3 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +135.69% | May 15, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $9 | Strong Buy | Maintains | $9 | +203.03% | Mar 26, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +135.69% | Mar 22, 2024 |
| Scotiabank | Scotiabank | Buy Initiates $13 | Buy | Initiates | $13 | +337.71% | Mar 14, 2024 |
| Truist Securities | Truist Securities | Strong Buy Reiterates $9 | Strong Buy | Reiterates | $9 | +203.03% | Mar 6, 2024 |
Financial Forecast
Revenue This Year
6.79M
from 5.72M
Increased by 18.78%
Revenue Next Year
21.28M
from 6.79M
Increased by 213.24%
EPS This Year
-0.84
from -1.20
EPS Next Year
-0.73
from -0.84
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.9M | 56.5M | 77.2M | 101.4M | 173.0M |
| Avg | 6.8M | 21.3M | 44.4M | 63.1M | 91.4M |
| Low | 3.9M | 7.8M | 12.7M | 15.7M | 15.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 55.2% | 732.4% | 263.0% | 128.6% | 174.2% |
| Avg | 18.8% | 213.2% | 108.5% | 42.2% | 44.8% |
| Low | -31.4% | 15.4% | -40.1% | -64.7% | -75.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.77 | -0.37 | -0.17 | -0.06 | 0.41 |
| Avg | -0.84 | -0.73 | -0.51 | -0.06 | 0.40 |
| Low | -0.91 | -0.92 | -0.96 | -0.06 | 0.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.