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Myriad Genetics (MYGN) Stock Forecast & Price Target

Myriad Genetics logo
$15.49 +0.37 (+2.45%)
(As of 11/22/2024 ET)

Myriad Genetics - 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

Sell
2
Hold
3
Buy
7

Based on 12 Wall Street analysts who have issued ratings for Myriad Genetics in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 2 have given a sell rating, 3 have given a hold rating, and 7 have given a buy rating for MYGN.

Consensus Price Target

$27.36
76.65% Upside
According to the 12 analysts' twelve-month price targets for Myriad Genetics, the average price target is $27.36. The highest price target for MYGN is $35.00, while the lowest price target for MYGN is $20.00. The average price target represents a forecasted upside of 76.65% from the current price of $15.49.
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MYGN Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24
1 Month Ago
10/27/23 to 10/26/24
3 Months Ago
8/28/23 to 8/27/24
1 Year Ago
11/26/22 to 11/26/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
2 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$27.36$28.91$28.60$23.25
Forecasted Upside76.65% Upside34.09% Upside4.00% Upside29.02% Upside
Consensus Rating
Hold
Hold
Hold
Hold

MYGN 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.
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MYGN 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.
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Myriad Genetics Stock vs. The Competition

TypeMyriad GeneticsMedical CompaniesS&P 500
Consensus Rating Score
2.42
2.80
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside76.65% Upside27,006.27% Upside7.66% Upside
News Sentiment Rating
Neutral News

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Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/18/2024Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$32.00 ➝ $21.00+37.70%
11/11/2024Piper Sandler
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$30.00 ➝ $24.00+37.85%
8/27/2024Wells Fargo & Company
3 of 5 stars
B. Couillard
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Initiated CoverageOverweight$35.00+27.27%
8/13/2024Scotiabank
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S. Nam
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Boost TargetSector Outperform ➝ Sector Outperform$29.00 ➝ $34.00+21.65%
8/7/2024TD Cowen
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 Boost TargetHold ➝ Hold$28.00 ➝ $30.00+12.61%
8/7/2024JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$17.00 ➝ $20.00-23.95%
6/3/2024Jefferies Financial Group
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 Reiterated RatingHold ➝ Underperform$25.00 ➝ $20.00-10.11%
5/8/2024Leerink Partnrs
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P. Souda
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UpgradeMarket Perform ➝ Outperform
5/8/2024Leerink Partners
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 UpgradeMarket Perform ➝ Outperform$25.00 ➝ $35.00+76.95%
1/29/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$28.00 ➝ $31.00+38.89%
12/14/2023Guggenheim
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 Initiated CoverageBuy$23.00+10.15%
12/13/2023Wolfe Research
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 Initiated CoverageOutperform$28.00+46.98%
3/6/2023Stephens
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 Boost TargetEqual Weight$17.00 ➝ $24.00+3.18%
3/3/2023Raymond James
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 Boost TargetOutperform$25.00 ➝ $27.00+17.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 05:27 AM ET.


MYGN Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Myriad Genetics is $27.36, with a high forecast of $35.00 and a low forecast of $20.00.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Myriad Genetics in the last year. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MYGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MYGN, but not buy additional shares or sell existing shares.

According to analysts, Myriad Genetics's stock has a predicted upside of 76.65% based on their 12-month stock forecasts.

Myriad Genetics has been rated by research analysts at Morgan Stanley, Piper Sandler, and Wells Fargo & Company in the past 90 days.

Analysts like Myriad Genetics less than other "medical" companies. The consensus rating for Myriad Genetics is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how MYGN compares to other companies.


This page (NASDAQ:MYGN) was last updated on 11/25/2024 by MarketBeat.com Staff
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