Skye Bioscience, Inc. (SKYE)
NASDAQ: SKYE · Real-Time Price · USD
5.44
-0.12 (-2.16%)
At close: Nov 4, 2024, 4:00 PM
5.48
+0.04 (0.74%)
After-hours: Nov 4, 2024, 5:30 PM EST

Skye Bioscience Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Skye Bioscience stock have an average target of 18.67, with a low estimate of 14 and a high estimate of 25. The average target predicts an increase of 243.20% from the current stock price of 5.44.

Analyst Consensus: Buy
Target Low Average Median High
Price $14 $18.67 $20 $25
Change +157.35% +243.20% +267.65% +359.56%
* Price targets were last updated on Sep 30, 2024.

Analyst Ratings

The average analyst rating for SKYE stock from 6 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 May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 001111
Buy 333355
Hold 000000
Sell 000000
Strong Sell 000000
Total 334466

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Scotiabank
Scotiabank
Buy
Initiates
$20
Buy Initiates $20 +267.65% Sep 30, 2024
Piper Sandler
Piper Sandler
Buy
Reiterates
$20
Buy Reiterates $20 +267.65% Sep 20, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$14
Buy Reiterates $14 +157.35% Sep 20, 2024
JMP Securities
JMP Securities
Buy
Initiates
$15
Buy Initiates $15 +175.74% Sep 10, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$14
Buy Reiterates $14 +157.35% Sep 9, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
n/a
Revenue Next Year
n/a
EPS This Year
-1.01
from -5.37
EPS Next Year
-1.20
from -1.01
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
--------
Revenue Growth
--------
EPS
-12.09-7.46-5.24-8.77-5.37-1.01-1.20-1.49
EPS Growth
--------
Forward PE
--------
No. Analysts -----887
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High n/a n/a n/a
Avg n/a n/a n/a
Low n/a n/a n/a

Revenue Growth

Revenue Growth 20242025202620272028
High - - -
Avg - - -
Low - - -

EPS Forecast

EPS 20242025202620272028
High -0.78 -1.00 -1.17
Avg -1.01 -1.20 -1.49
Low -1.58 -1.43 -1.78

EPS Growth

EPS Growth 20242025202620272028
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.