Myriad Genetics (MYGN) Stock Forecast & Price Target

$16.17 +0.46 (+2.93%)

(As of 08:39 AM 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

Hold

Based on 12 Analyst Ratings

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
69.22% 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 69.22% from the current price of $16.17.

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MYGN Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
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 Upside	69.22% Upside	31.64% Upside	0.99% Upside	24.46% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Myriad Genetics Stock vs. The Competition

Type	Myriad Genetics	Medical Companies	S&P 500
Consensus Rating Score	2.42	2.80	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	69.22% Upside	25,238.51% Upside	6.73% Upside
News Sentiment Rating	Neutral News See Recent MYGN 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
11/18/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$32.00 ➝ $21.00	+37.70%
11/11/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$30.00 ➝ $24.00	+37.85%
8/27/2024	Wells Fargo & Company 3 of 5 stars	B. Couillard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$35.00	+27.27%
8/13/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Nam Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$29.00 ➝ $34.00	+21.65%
8/7/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$28.00 ➝ $30.00	+12.61%
8/7/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$17.00 ➝ $20.00	-23.95%
Get the Latest News and Ratings for MYGN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Myriad Genetics and its competitors with MarketBeat's FREE daily newsletter.
6/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Underperform	$25.00 ➝ $20.00	-10.11%
5/8/2024	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Souda Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
5/8/2024	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$25.00 ➝ $35.00	+76.95%
1/29/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$28.00 ➝ $31.00	+38.89%
12/14/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$23.00	+10.15%
12/13/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$28.00	+46.98%
3/6/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$17.00 ➝ $24.00	+3.18%
3/3/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$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 Wednesday at 09:33 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 equities research 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 equities research 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 69.22% based on their 12-month stock forecasts.
: Myriad Genetics has been rated by research analysts at Morgan Stanley, and Piper Sandler 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.

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This page (NASDAQ:MYGN) was last updated on 11/27/2024 by MarketBeat.com Staff

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Myriad Genetics (MYGN) Stock Forecast & Price Target