Cytek Biosciences (CTKB) Stock Forecast & Price Target

$6.32 +0.13 (+2.10%)

(As of 12/20/2024 05:16 PM ET)

Cytek Biosciences - Analysts' Recommendations and Stock Price Forecast (2025)

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 2 Analyst Ratings

Sell
0

Hold
0

Buy
2

Based on 2 Wall Street analysts who have issued ratings for Cytek Biosciences in the last 12 months, the stock has a consensus rating of "Buy." Out of the 2 analysts, 2 have given a buy rating for CTKB.

Consensus Price Target

$9.25
46.36% Upside

According to the 2 analysts' twelve-month price targets for Cytek Biosciences, the average price target is $9.25. The highest price target for CTKB is $10.00, while the lowest price target for CTKB is $8.50. The average price target represents a forecasted upside of 46.36% from the current price of $6.32.

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CTKB Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$9.25	$9.17	$8.50	$10.00
Forecasted Upside	46.36% Upside	41.90% Upside	66.99% Upside	5.15% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Moderate Buy

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CTKB 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.

CTKB 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.

Cytek Biosciences Stock vs. The Competition

Type	Cytek Biosciences	Medical Companies	S&P 500
Consensus Rating Score	3.00	2.81	2.51
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	46.36% Upside	25,828.59% Upside	14.54% Upside
News Sentiment Rating	Neutral News See Recent CTKB 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	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	Piper Sandler 2 of 5 stars	Boost Target	Overweight ➝ Overweight	$8.00 ➝ $8.50	+20.57%
2/29/2024	The Goldman Sachs Group 2 of 5 stars	Boost Target	Buy ➝ Buy	$9.00 ➝ $10.00	+15.74%
12/14/2023	Stephens 4 of 5 stars	Initiated Coverage	Overweight	$9.00	+12.22%
11/9/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$8.00 ➝ $7.00	+40.00%
7/18/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:48 PM ET.

CTKB Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Cytek Biosciences is $9.25, with a high forecast of $10.00 and a low forecast of $8.50.
: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cytek Biosciences in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CTKB shares.
: According to analysts, Cytek Biosciences's stock has a predicted upside of 46.36% based on their 12-month stock forecasts.
: Cytek Biosciences has been rated by research analysts at Piper Sandler in the past 90 days.
: Analysts like Cytek Biosciences more than other "medical" companies. The consensus rating for Cytek Biosciences is Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how CTKB compares to other companies.

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This page (NASDAQ:CTKB) was last updated on 12/21/2024 by MarketBeat.com Staff

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Cytek Biosciences (CTKB) Stock Forecast & Price Target