89bio (ETNB) Stock Forecast & Price Target

$8.36 +0.38 (+4.76%)

(As of 12:50 PM ET)

89bio - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
2

Buy
5

Based on 7 Wall Street analysts who have issued ratings for 89bio in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for ETNB.

Consensus Price Target

$30.33
262.84% Upside

According to the 7 analysts' twelve-month price targets for 89bio, the average price target is $30.33. The highest price target for ETNB is $49.00, while the lowest price target for ETNB is $12.00. The average price target represents a forecasted upside of 262.84% from the current price of $8.36.

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ETNB Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$30.33	$31.00	$30.14	$32.89
Forecasted Upside	262.84% Upside	281.77% Upside	240.40% Upside	332.75% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ETNB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ETNB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

89bio Stock vs. The Competition

Type	89bio	Medical Companies	S&P 500
Consensus Rating Score	2.86	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	280.12% Upside	26,931.56% Upside	9.82% Upside
News Sentiment Rating	Neutral News See Recent ETNB News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	HC Wainwright 2 of 5 stars	Reiterated Rating	Buy ➝ Buy	$29.00 ➝ $29.00	+177.51%
11/8/2024	Raymond James 4 of 5 stars	Lower Target	Strong-Buy ➝ Strong-Buy	$53.00 ➝ $49.00	+376.19%
9/20/2024	Cantor Fitzgerald 3 of 5 stars	Reiterated Rating	Overweight ➝ Overweight	$29.00 ➝ $29.00	+255.39%
8/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$13.00 ➝ $12.00	+46.88%
5/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$37.00 ➝ $33.00	+263.04%
4/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$30.00	+230.40%
Get the Latest News and Ratings for ETNB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for 89bio and its competitors with MarketBeat's FREE daily newsletter.
3/5/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform ➝ Market Perform
10/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$36.00 ➝ $25.00	+217.26%
7/2/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$30.00 ➝ $37.00	+95.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:09 PM ET.

ETNB Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for 89bio is $30.33, with a high forecast of $49.00 and a low forecast of $12.00.
: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 89bio in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ETNB shares.
: According to analysts, 89bio's stock has a predicted upside of 262.84% based on their 12-month stock forecasts.
: 89bio has been rated by research analysts at Cantor Fitzgerald, HC Wainwright, and Raymond James in the past 90 days.
: Analysts like 89bio more than other "medical" companies. The consensus rating score for 89bio is 2.86 while the average consensus rating score for "medical" companies is 2.80. Learn more on how ETNB compares to other companies.

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This page (NASDAQ:ETNB) was last updated on 11/21/2024 by MarketBeat.com Staff

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89bio (ETNB) Stock Forecast & Price Target