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Prime Medicine (PRME) Stock Forecast & Price Target

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$2.88 -0.03 (-1.03%)
(As of 01:46 PM ET)

Prime Medicine - 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
1
Buy
10

Based on 11 Wall Street analysts who have issued ratings for Prime Medicine in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 1 has given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for PRME.

Consensus Price Target

$12.67
339.81% Upside
According to the 11 analysts' twelve-month price targets for Prime Medicine, the average price target is $12.67. The highest price target for PRME is $18.00, while the lowest price target for PRME is $9.00. The average price target represents a forecasted upside of 339.81% from the current price of $2.88.
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PRME Analyst Ratings Over Time

TypeCurrent Forecast
12/19/23 to 12/18/24
1 Month Ago
11/19/23 to 11/18/24
3 Months Ago
9/20/23 to 9/19/24
1 Year Ago
12/19/22 to 12/19/23
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
4 Buy rating(s)
Hold
1 Hold rating(s)
1 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$12.67$13.25$14.11$19.67
Forecasted Upside339.81% Upside316.67% Upside260.90% Upside106.80% Upside
Consensus Rating
Buy
Moderate Buy
Moderate Buy
Moderate Buy

PRME 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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PRME 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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Prime Medicine Stock vs. The Competition

TypePrime MedicineMedical CompaniesS&P 500
Consensus Rating Score
3.00
2.81
2.51
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside342.89% Upside27,804.18% Upside11.94% Upside
News Sentiment Rating
Positive News

See Recent PRME News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/10/2024Citizens Jmp
0 of 5 stars
S. Tuerkcan
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UpgradeStrong-Buy
12/10/2024JMP Securities
2 of 5 stars
 Initiated CoverageOutperform$10.00+210.56%
12/3/2024Guggenheim
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$18.00 ➝ $18.00+432.54%
11/13/2024Chardan Capital
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 Lower TargetBuy ➝ Buy$17.00 ➝ $15.00+278.79%
11/13/2024HC Wainwright
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A. He
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Reiterated RatingBuy ➝ Buy$10.00 ➝ $10.00+131.48%
8/8/2024Wedbush
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 Reiterated RatingOutperform$12.00+173.35%
5/16/2024Citigroup
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 UpgradeNeutral ➝ Buy$10.00+47.93%
5/13/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$16.00 ➝ $15.00+121.57%
5/7/2024Jefferies Financial Group
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 Reiterated RatingBuy ➝ Buy$23.00 ➝ $15.00+176.75%
4/8/2024TD Cowen
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 Initiated CoverageBuy
1/16/2024Stifel Nicolaus
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 DowngradeBuy ➝ Hold$18.00 ➝ $9.00+12.64%
10/9/2023BMO Capital Markets
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 Initiated CoverageOutperform$19.00+113.96%
9/6/2023Jonestrading
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 Initiated CoverageBuy$20.00+67.93%
8/14/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$21.00 ➝ $19.00+62.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 02:08 PM ET.


PRME Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Prime Medicine is $12.67, with a high forecast of $18.00 and a low forecast of $9.00.

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prime Medicine in the last twelve months. There is currently 1 hold rating, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PRME shares.

According to analysts, Prime Medicine's stock has a predicted upside of 339.81% based on their 12-month stock forecasts.

Over the previous 90 days, Prime Medicine's stock had 1 upgrade by analysts.

Prime Medicine has been rated by research analysts at Chardan Capital, Citizens Jmp, Guggenheim, HC Wainwright, and JMP Securities in the past 90 days.

Analysts like Prime Medicine more than other "medical" companies. The consensus rating for Prime Medicine is Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how PRME compares to other companies.


This page (NYSE:PRME) was last updated on 12/18/2024 by MarketBeat.com Staff
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