Mereo BioPharma Group plc (MREO)
NASDAQ: MREO · IEX Real-Time Price · USD
3.300
+0.300 (10.00%)
At close: Mar 28, 2024, 4:00 PM
3.340
+0.040 (1.21%)
After-hours: Mar 28, 2024, 7:59 PM EDT

Mereo BioPharma Group Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for MREO stock have an average target of 6.50, with a low estimate of 6.00 and a high estimate of 7.00. The average target predicts an increase of 96.97% from the current stock price of 3.30.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $6.00 $6.50 $7.00 $7.00
Change +81.82% +96.97% +112.12% +112.12%

Analyst Ratings

The average analyst rating for MREO stock from 2 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111
Buy 222221
Hold 000000
Sell 000000
Strong Sell 000000
Total 333332

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$7
Buy Reiterates $7 +112.12% Mar 28, 2024
Needham
Needham
Strong Buy
Maintains
$5$6
Strong Buy Maintains $5$6 +81.82% Mar 28, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$7
Buy Reiterates $7 +112.12% Mar 22, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$4
Buy Reiterates $4 +21.21% Sep 8, 2023
Needham
Needham
Strong Buy
Reiterates
$5
Strong Buy Reiterates $5 +51.52% Sep 8, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
8.09M
Revenue Next Year
22.29M
from 8.09M
Increased by 175.45%
EPS This Year
-0.04
from -0.30
EPS Next Year
-0.02
from -0.04
Year 20182019202020212022202320242025202620272028
Revenue
---36.46M-8.09M22.29M-26.62M54.45M92.20M
Revenue Growth
------175.45%--104.56%69.33%
EPS
-2.25-1.95-2.40-0.25-0.30-0.04-0.02-0.06-0.05-0.05-0.05
EPS Growth
-----------
No. Analysts -----664333
Financial currency is GBP. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202320242025202620272028
High 10.5M 91.8M n/a 27.4M 56.0M 94.9M
Avg 8.1M 22.3M n/a 26.6M 54.4M 92.2M
Low 7.0M n/a n/a 25.6M 52.3M 88.6M

Revenue Growth

Revenue Growth 202320242025202620272028
High -
1,034.2%
- -
110.6%
74.3%
Avg -
175.5%
- -
104.6%
69.3%
Low - - - -
96.5%
62.7%

EPS Forecast

EPS 202320242025202620272028
High -0.04 0.07 -0.05 -0.05 -0.05 -0.05
Avg -0.04 -0.02 -0.06 -0.05 -0.05 -0.05
Low -0.05 -0.06 -0.06 -0.05 -0.05 -0.05

EPS Growth

EPS Growth 202320242025202620272028
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.