Editas Medicine, Inc. (EDIT)
NASDAQ: EDIT · Real-Time Price · USD
1.310
-0.030 (-2.24%)
At close: Dec 20, 2024, 4:00 PM
1.306
-0.004 (-0.28%)
After-hours: Dec 20, 2024, 6:11 PM EST
Editas Medicine Stock Forecast
EDIT's stock price has decreased by -88.1% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Editas Medicine stock have an average target of 8.08, with a low estimate of 3.00 and a high estimate of 15. The average target predicts an increase of 516.79% from the current stock price of 1.31.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EDIT stock from 14 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 6 | 4 |
| Buy | 1 | 1 | 0 | 1 | 1 | 2 |
| Hold | 6 | 6 | 7 | 6 | 6 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 12 | 12 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $7 → $5 | Buy | Maintains | $7 → $5 | +281.68% | Dec 16, 2024 |
| JP Morgan | JP Morgan | Hold → Sell Downgrades n/a | Hold → Sell | Downgrades | n/a | n/a | Dec 16, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $5 → $4 | Hold | Maintains | $5 → $4 | +205.34% | Dec 13, 2024 |
| Barclays | Barclays | Hold Maintains $5 → $3 | Hold | Maintains | $5 → $3 | +129.01% | Dec 13, 2024 |
| Chardan Capital | Chardan Capital | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Dec 13, 2024 |
Financial Forecast
Revenue This Year
35.98M
from 78.12M
Decreased by -53.94%
Revenue Next Year
11.09M
from 35.98M
Decreased by -69.17%
EPS This Year
-2.81
from -2.02
EPS Next Year
-1.75
from -2.81
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 76.0M | 38.9M | 41.0M | |||
| Avg | 36.0M | 11.1M | 17.3M | |||
| Low | 1.7M | n/a | n/a |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -2.7% | 8.0% | 269.1% | |||
| Avg | -53.9% | -69.2% | 56.0% | |||
| Low | -97.8% | - | - |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -2.31 | -0.18 | -0.71 | |||
| Avg | -2.81 | -1.75 | -1.83 | |||
| Low | -3.14 | -3.24 | -3.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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.