Wall Street is positive on Editas Medicine Inc (EDIT). On average, analysts give EDIT a Buy rating. The average price target is $15, which means analysts expect the stock to add by 104.36% over the next twelve months.
That average ranking earns EDIT an Analyst Rating of 33, which is better than 33% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating EDIT a Buy today. Find out what this means to you and get the rest of the rankings on EDIT!
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Editas Medicine Inc Stock Today?
Editas Medicine Inc (EDIT) stock is down -0.34% while the S&P 500 has gained 0.3% as of 11:59 AM on Tuesday, Mar 26. EDIT is lower by -$0.03 from the previous closing price of $7.36 on volume of 377,632 shares. Over the past year the S&P 500 has risen 31.59% while EDIT is lower by -1.48%. EDIT lost -$2.02 per share the over the last 12 months.
Click Here to get the full Stock Report for Editas Medicine Inc stock.
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