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Spruce Biosciences (SPRB) Stock Forecast & Price Target

Spruce Biosciences logo
$0.40 +0.02 (+4.68%)
(As of 12/20/2024 05:31 PM ET)

Spruce 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

Sell
0
Hold
9
Buy
0

Based on 9 Wall Street analysts who have issued ratings for Spruce Biosciences in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 9 have given a hold rating for SPRB.

Consensus Price Target

$3.90
875.00% Upside
According to the 9 analysts' twelve-month price targets for Spruce Biosciences, the average price target is $3.90. The highest price target for SPRB is $10.00, while the lowest price target for SPRB is $1.50. The average price target represents a forecasted upside of 875.00% from the current price of $0.40.
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SPRB Analyst Ratings Over Time

TypeCurrent 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
0 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
6 Buy rating(s)
Hold
9 Hold rating(s)
6 Hold rating(s)
6 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$3.90$4.00$5.00$7.67
Forecasted Upside875.00% Upside714.66% Upside1,036.36% Upside251.68% Upside
Consensus Rating
Hold
Hold
Hold
Buy

SPRB 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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SPRB 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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Spruce Biosciences Stock vs. The Competition

TypeSpruce BiosciencesMedical CompaniesS&P 500
Consensus Rating Score
2.00
2.81
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside875.00% Upside25,828.56% Upside14.54% Upside
News Sentiment Rating
Neutral News

See Recent SPRB News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/16/2024HC Wainwright
2 of 5 stars
 Reiterated RatingNeutral ➝ Neutral
12/12/2024Guggenheim
2 of 5 stars
 Reiterated RatingNeutral ➝ Neutral
12/11/2024Citizens Jmp
0 of 5 stars
J. Wolleben
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DowngradeStrong-Buy ➝ Hold
12/11/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$2.00 ➝ $1.50+279.64%
12/11/2024JMP Securities
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 Reiterated RatingMkt Outperform ➝ Market Perform$3.00 ➝ $3.00+458.65%
12/11/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Market Perform
3/14/2024Leerink Partnrs
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J. Schwartz
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DowngradeOutperform ➝ Market Perform
3/14/2024Leerink Partners
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 DowngradeOutperform ➝ Market Perform$9.00 ➝ $2.00-61.46%
3/14/2024LADENBURG THALM/SH SH
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 DowngradeBuy ➝ Neutral
3/17/2023Credit Suisse Group
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 Reiterated RatingOutperform$4.00+72.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:35 AM ET.


SPRB Forecast - Frequently Asked Questions

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Spruce Biosciences is $3.90, with a high forecast of $10.00 and a low forecast of $1.50.

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spruce Biosciences in the last year. There are currently 9 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPRB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPRB, but not buy additional shares or sell existing shares.

According to analysts, Spruce Biosciences's stock has a predicted upside of 875.00% based on their 12-month stock forecasts.

Over the previous 90 days, Spruce Biosciences's stock had 1 downgrade by analysts.

Spruce Biosciences has been rated by research analysts at Citizens Jmp, Guggenheim, HC Wainwright, JMP Securities, Oppenheimer, and Royal Bank of Canada in the past 90 days.

Analysts like Spruce Biosciences less than other "medical" companies. The consensus rating for Spruce Biosciences is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how SPRB compares to other companies.


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