Cardiol Therapeutics (CRDL) Stock Forecast & Price Target

$1.82 -0.04 (-2.15%)

(As of 11/15/2024 ET)

Cardiol 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 5 Analyst Ratings

Sell
0

Hold
0

Buy
5

Based on 5 Wall Street analysts who have issued ratings for Cardiol Therapeutics in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 4 have given a buy rating, and 1 has given a strong buy rating for CRDL.

Consensus Price Target

$8.75
380.77% Upside

According to the 5 analysts' twelve-month price targets for Cardiol Therapeutics, the average price target is $8.75. The highest price target for CRDL is $10.00, while the lowest price target for CRDL is $8.00. The average price target represents a forecasted upside of 380.77% from the current price of $1.82.

CRDL Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
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)	2 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	$8.75	$8.75	$8.75	$3.00
Forecasted Upside	380.77% Upside	351.03% Upside	336.41% Upside	256.34% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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CRDL 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.

CRDL 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.

Cardiol Therapeutics Stock vs. The Competition

Type	Cardiol Therapeutics	Medical Companies	S&P 500
Consensus Rating Score	3.20	2.80	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	380.77% Upside	28,534.42% Upside	9.87% Upside
News Sentiment Rating	Neutral News See Recent CRDL News	Positive 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
10/24/2024	HC Wainwright 2 of 5 stars	V. Bernardino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$9.00 ➝ $9.00	+386.48%
6/26/2024	Roth Capital 3 of 5 stars	J. Wittes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
6/26/2024	Roth Mkm 1 of 5 stars		Initiated Coverage	Buy	$10.00	+371.70%
5/23/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$6.00 ➝ $8.00	+258.74%
9/19/2023	Leede Jones Gab Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Loe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Speculative Buy
8/14/2023	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$3.00	+216.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:41 PM ET.

CRDL Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Cardiol Therapeutics is $8.75, with a high forecast of $10.00 and a low forecast of $8.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cardiol Therapeutics in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRDL shares.
: According to analysts, Cardiol Therapeutics's stock has a predicted upside of 380.77% based on their 12-month stock forecasts.
: Cardiol Therapeutics has been rated by research analysts at HC Wainwright in the past 90 days.
: Analysts like Cardiol Therapeutics more than other "medical" companies. The consensus rating for Cardiol Therapeutics is Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how CRDL compares to other companies.

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This page (NASDAQ:CRDL) was last updated on 11/16/2024 by MarketBeat.com Staff

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Cardiol Therapeutics (CRDL) Stock Forecast & Price Target