Nuvalent, Inc. (NUVL)
NASDAQ: NUVL · IEX Real-Time Price · USD
63.06
-1.19 (-1.85%)
Apr 18, 2024, 4:00 PM EDT - Market closed
Nuvalent Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Nuvalent stock have an average target of 84.67, with a low estimate of 42 and a high estimate of 110. The average target predicts an increase of 34.27% from the current stock price of 63.06.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Nuvalent stock from 10 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 4 |
| Buy | 3 | 3 | 3 | 4 | 4 | 5 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 8 | 8 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Initiates $97 | Strong Buy | Initiates | $97 | +53.82% | Apr 17, 2024 |
| Leerink Partners | Leerink Partners | Hold → Buy Upgrades $69 → $110 | Hold → Buy | Upgrades | $69 → $110 | +74.44% | Apr 1, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $68 → $98 | Buy | Maintains | $68 → $98 | +55.41% | Mar 6, 2024 |
| Guggenheim | Guggenheim | Strong Buy Initiates $99 | Strong Buy | Initiates | $99 | +56.99% | Feb 28, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $93 → $102 | Buy | Maintains | $93 → $102 | +61.75% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
n/a
Revenue Next Year
699.42K
EPS This Year
-3.01
from -2.17
EPS Next Year
-3.46
from -3.01
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | n/a | 5.0M | 66.7M | 442.8M | 780.6M |
| Avg | n/a | 699,424 | 31.2M | 193.5M | 294.8M |
| Low | n/a | n/a | n/a | n/a | 55.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 9,438.6% | 1,320.4% | 303.4% |
| Avg | - | - | 4,357.4% | 520.7% | 52.4% |
| Low | - | - | - | - | -71.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -2.50 | -2.81 | -2.35 | 1.46 | 3.78 |
| Avg | -3.01 | -3.46 | -3.93 | -1.97 | -1.12 |
| Low | -3.27 | -4.00 | -4.96 | -5.54 | -5.67 |
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.