IGC Pharma (IGC) Stock Forecast & Price Target

$0.36

0.00 (0.00%)

(As of 09/13/2024 ET)

Stock Analysis Analyst Forecasts Chart Financials SEC Filings

IGC Pharma - 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

Buy
Based on 1 Analyst Ratings

Based on 1 Wall Street analysts who have issued ratings for IGC Pharma in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for IGC.

Consensus Price Target

$3.75
952.48% Upside

High Forecast	$3.75
Average Forecast	$3.75
Low Forecast	$3.75

According to the 1 analysts' twelve-month price targets for IGC Pharma, the average price target is $3.75. The highest price target for IGC is $3.75, while the lowest price target for IGC is $3.75. The average price target represents a forecasted upside of 952.48% from the current price of $0.36.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Buy	N/A	N/A	N/A
Strong Buy	0 Strong Buy rating(s)	N/A	N/A	N/A
Buy	1 Buy rating(s)	N/A	N/A	N/A
Hold	0 Hold rating(s)	N/A	N/A	N/A
Sell	0 Sell rating(s)	N/A	N/A	N/A
Consensus Price Target	$3.75	N/A	N/A	N/A
Forecasted Upside	952.48% Upside	N/A	N/A	N/A

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IGC 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.

IGC 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.

IGC Pharma Stock vs. The Competition

Type	IGC Pharma	Medical Companies	S&P 500
Consensus Rating Score	3.00	2.77	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	952.48% Upside	3,055.60% Upside	8.55% Upside
News Sentiment Rating	Neutral 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	Details
9/3/2024	Ascendiant Capital Markets 2 of 5 stars		Boost Target	Buy ➝ Buy	$3.50 ➝ $3.75	+942.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:38 AM ET.

IGC Forecast - Frequently Asked Questions

What is IGC Pharma's forecast for 2024?: According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for IGC Pharma is $3.75, with a high forecast of $3.75 and a low forecast of $3.75.
Should I buy or sell IGC Pharma stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IGC Pharma in the last twelve months. There is currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IGC shares.
Does IGC Pharma's stock price have much upside?: According to analysts, IGC Pharma's stock has a predicted upside of 942.83% based on their 12-month stock forecasts.
What analysts cover IGC Pharma?: IGC Pharma has been rated by research analysts at Ascendiant Capital Markets in the past 90 days.
Do Wall Street analysts like IGC Pharma more than its competitors?: Analysts like IGC Pharma more than other "medical" companies. The consensus rating for IGC Pharma is Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how IGC compares to other companies.