InvestorsObserver is giving Incyte Corporation (INCY) an Analyst Rating Rank of 28, meaning INCY is ranked higher by analysts than 28% of stocks. The average projection by analysts for INCY is $101.166 over the next 12 months and analyst’s classify the stock as a Buy
Why are Analyst Ratings Important?
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 Incyte Corporation Stock Today?
Incyte Corporation (INCY) stock is lower by -1.97% while the S&P 500 has gained 0.67% as of 2:27 PM on Thursday, Sep 24. INCY is lower by -$1.69 from the previous closing price of $85.97 on volume of 522,286 shares. Over the past year the S&P 500 has risen 9.17% while INCY has gained 12.27%. INCY lost -$0.91 per share the over the last 12 months.