Tango Therapeutics (TNGX) Stock Forecast & Price Target

$3.93 -0.15 (-3.68%)

(As of 11:15 AM ET)

Tango Therapeutics - 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

Buy

Based on 8 Analyst Ratings

Sell
0

Hold
0

Buy
8

Based on 8 Wall Street analysts who have issued ratings for Tango Therapeutics in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 8 have given a buy rating for TNGX.

Consensus Price Target

$13.14
234.42% Upside

According to the 8 analysts' twelve-month price targets for Tango Therapeutics, the average price target is $13.14. The highest price target for TNGX is $19.00, while the lowest price target for TNGX is $8.00. The average price target represents a forecasted upside of 234.42% from the current price of $3.93.

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TNGX 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	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$13.14	$15.14	$15.14	$16.00
Forecasted Upside	234.42% Upside	128.06% Upside	30.88% Upside	105.66% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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TNGX 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.

TNGX 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.

Tango Therapeutics Stock vs. The Competition

Type	Tango Therapeutics	Medical Companies	S&P 500
Consensus Rating Score	3.00	2.80	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	222.13% Upside	26,931.57% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent TNGX 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	B. Riley 4 of 5 stars		Lower Target	Buy ➝ Buy	$16.00 ➝ $8.00	+168.46%
11/8/2024	HC Wainwright 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$13.00 ➝ $13.00	+360.99%
11/7/2024	Guggenheim 3 of 5 stars	M. Schmidt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$18.00 ➝ $8.00	+148.45%
8/8/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$11.00 ➝ $13.00	+49.08%
7/17/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$19.00	+93.09%
7/9/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Schmidt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight
5/24/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$18.00 ➝ $13.00	+90.06%
2/12/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$18.00	+45.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:31 AM ET.

TNGX Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Tango Therapeutics is $13.14, with a high forecast of $19.00 and a low forecast of $8.00.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tango Therapeutics in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TNGX shares.
: According to analysts, Tango Therapeutics's stock has a predicted upside of 234.42% based on their 12-month stock forecasts.
: Tango Therapeutics has been rated by research analysts at B. Riley, Guggenheim, and HC Wainwright in the past 90 days.
: Analysts like Tango Therapeutics more than other "medical" companies. The consensus rating for Tango Therapeutics is Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how TNGX compares to other companies.

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

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Tango Therapeutics (TNGX) Stock Forecast & Price Target