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89bio (ETNB) Stock Forecast & Price Target

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$7.94 +0.91 (+12.94%)
(As of 12/20/2024 05:31 PM ET)

89bio - 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

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
282.03% 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 282.03% from the current price of $7.94.
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ETNB Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
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$30.33$30.14$32.56
Forecasted Upside282.03% Upside246.27% Upside293.00% Upside198.67% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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89bio Stock vs. The Competition

Type89bioMedical CompaniesS&P 500
Consensus Rating Score
2.86
2.81
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside282.03% Upside25,828.59% Upside14.53% Upside
News Sentiment Rating
Positive News

See Recent ETNB News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/12/2024Raymond James
4 of 5 stars
R. Deschner
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UpgradeStrong-Buy
11/11/2024HC Wainwright
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$29.00 ➝ $29.00+177.51%
9/20/2024Cantor Fitzgerald
4 of 5 stars
 Reiterated RatingOverweight ➝ Overweight$29.00 ➝ $29.00+255.39%
8/6/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$13.00 ➝ $12.00+46.88%
5/15/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$37.00 ➝ $33.00+263.04%
4/22/2024Bank of America
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 Reiterated RatingBuy$30.00+230.40%
3/5/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
10/12/2023UBS Group
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 Lower TargetBuy ➝ Buy$36.00 ➝ $25.00+217.26%
7/2/2023BTIG Research
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 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 Sunday at 08:25 AM 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 twelve months. 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 282.03% based on their 12-month stock forecasts.

Over the previous 90 days, 89bio's stock had 1 upgrade by analysts.

89bio has been rated by research analysts at 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 2.81. Learn more on how ETNB compares to other companies.


This page (NASDAQ:ETNB) was last updated on 12/22/2024 by MarketBeat.com Staff
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